Donating my timeshare

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Re: Donating my timeshare (by Don P.):

Anyone expecting a large right off for donating something that is worthless deserves to to be audited and pay huge penalties and interest. The rule is a simple one. You can only deduct the actual value that the timeshare sold for not one penny more. If it didn't sell that there is no deduction. Just unloading your timeshare should make you happy. Getting greedy will cost you dearly.