Timeshare*donations

: For those who cannot sell their unit, donation provides a legal way to transfer the title and end the contract. Warning Signs & Scams

Ask for high upfront "processing" or "appraisal" fees before the donation is accepted. timeshare*donations

: For a tax deduction over $5,000, the IRS requires a qualified appraisal performed by a professional. You cannot simply use the original purchase price or an estimate from a website. : For those who cannot sell their unit,

: You will likely need to work with specialized "intermediary" organizations that facilitate timeshare donations. It is critical to ensure these are 501(c)(3) nonprofits in good standing to qualify for a tax deduction. You cannot simply use the original purchase price

: Donors may be able to deduct the fair market value (not the purchase price) of the timeshare on their federal tax return. Note that the fair market value on the resale market is often significantly lower—sometimes as low as $1—than the original price.