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Re: Getting rid of your timeshare (by Dr. K.):

jayjay wrote:

SCAM period .... we've rehashed this many times on these forums .... you can't deduct $5000 on your income taxes if a timeshare is worth zero .... if you do you're breaking the law and it will come back to bite YOU and the people that do business with you.

jayjay, you so right. We have hashed this out several times and each time you continue to ignore what the IRS law states directly. I've posted it for you and others to read.

Why do you continue to display your inability to either read the law or childishly ignore what you don't like?

It's because of opinionated and misguided people like you that so many owners continue to struggle with continued ownership needlessly. Do us all a favor and try going back to read what has been copied directly from IRS publications and IRS law. Then stop unsubstantiated diatribes or show references to what you believe.

For other readers, as jayjay said, all the legal references are already posted near the beginning of this forum thread. Take a few minutes to read what the IRS actually says about donating, valuation, and how to protect yourself in the process.