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Title: Dump a Timeshare, Gain a Tax-deduction Post by: anand369 on August 25, 2008, 04:58:43 PM If you have a timeshare, you know what a drain on your budget it can be. Even when you have it paid off, there are ongoing maintenance fees and other expenses to pay every year. Add to that the fact that you're usually locked into only visiting that one location, and it's a bad deal all around.
If you've tried to get rid of a timeshare, you also know that it's nearly impossible; there is simply no market for them. A quick visit to eBay is all you need to see that you can buy pretty much whatever you want for just $.99. They are such a bad deal, that it's tough to sell them for that price even! If you can't get rid of your timeshare, consider donating it to charity. Visit www.donateforacause.org to get rid of your timeshare, and gain a tax deduction at the same time. You can pick the charity that gains from your donation, so you'll help a worthy cause, plus you'll gain a deduction on your taxes at the end of the year. I don't suppose I even have to mention that you will no longer have to pay those yearly maintenance fees that are outrageous! |