Can I donate an exchange week to charity?

[Tokapeba]

If I do can I only deduct what the charity sells it for like they do with cars? Is it against the exchange companies rules? Is there anything I need to watch out for?

Andy.

 

[dioxide45]

If I do can I only deduct what the charity sells it for like they do with cars? Is it against the exchange companies rules? Is there anything I need to watch out for?

Andy.

I don't know if this would be a problem. Since you are technically giving it away and using a guest certificate. I would think there would be no tax write off though. At most you could claim your exchange fee and guest certificate fee, but that may be pushing it.

 

[bnoble]

You can donate a week's use, but there is no deduction.
http://www.tug2.net/advice/TUG_Taxes_and_Timeshares.htm

 

[FlyerBobcat]

can you donate to charity?????

If I do can I only deduct what the charity sells it for like they do with cars? Is it against the exchange companies rules? Is there anything I need to watch out for?

Make sure you read over the "Donating your Timeshare To Charity" section of:

http://www.tug2.net/advice/TUG_Taxes_and_Timeshares.htm

...especially the last paragraph. That might help.

 

[Lynzie]

I know with II you can donate an exchange to a charity. People do it all the time. Not sure about the deductions though

 

[DeniseM]

I know with II you can donate an exchange to a charity. People do it all the time. Not sure about the deductions though

Welcome to TUG Lynzie - there is no deduction (see the link above for more info.)

 

[Lynzie]

Thanks for the welcome, Denise!! As you can see I have been reading aka lurking for many months!!! :hysterical: You guys are great!!

 

[DeniseM]

Nice to see you posting!