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NEED TO RETURN TIMESHARE (by Lance C.):

kathyv27 wrote:

I contacted Donate for a Cause, thinking I could just donate our timeshares to charity and receive a tax write off and I was told that I would need to pay 2495.00 for the processing fee and 598.00 for the transfer fee to take the deed out of my name. I was surprised by this. Apparantely this is the only way you can take a writeoff on your taxes. I am at a loss on what to do.

Don't be fooled by the potential tax write-off. Claiming a tax deduction for donated property is a complicated, risky process.

If DFAC is charging "only" $2495, then likely it's one that can be easily resold. Try giving it away yourself for a lot less money. As DonP suggested, try contacting the resort's HOA and see if it will take the unit. Even if the HOA asks you to pay one or two years' maintenance fees, it will still work out cheaper than paying an entity $2500.