Getting rid of your timeshare

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Original Message:

Re: Getting rid of your timeshare (by Tam M.):

drk14 wrote:
jayjay wrote:
Do you actually think the IRS is stupid enough to permit a $5000 deduction on a timeshare that has zero value .... do you believe they are not aware of the implosion of the timeshare industry and the devaluation of all timeshares? The guidelines you quoted may have been from the past, but they are certainly not relevant to today's market .... have you bothered to research current revisions to the old guidelines you posted above.

No, I don't think the IRS is stupid. I DO think those unwilling to read and accept what the IRS is CURRENTLY posting on their website are the stupid ones.

As for relevancy, timeshares have been selling for $1 for many years and have never been a good investment. What makes you think resales have changed in the last 10 years? Can you cite multiple examples of high priced resales of lower quality timeshares any time in the past? This same topic has been around almost since RedWeek.com began.

Please, do us all a favor and reference your inane opinions with actual IRS publications, documents, memos, or quotes instead of flaunting stupidity or stop trying to tell us all what the IRS doesn't say.

So, according to you, timeshares have been selling for $ 1 for many years and have never been a good investment (most timeshare owners do NOT buy it as an investment). You and your company will take these $1 timeshare off owners hands for a fee and never pay the resort a dime in maintenance fees, yet, you are offended when you and your company are flagged as a SCAM! You are disgusting!