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Re: Vacation Property Resales

[Q=richardw86] I have recently negotiated with VPResales to sell a time share for me. I am hoping that they are honest. They do state that the property will be listed on three different web sites and will relain there until sold.. I have never heard of anyone selling a timeshare for any monetary gain only losses. I really referr to my self as ignorant for buying a TS, if one is youthful and would have it paid for in 10 years and still have enough life and time from work to use it it may be a good investment. It is however a good tax deduction.. R.W.Downs Kentucky[/Q] I wish you luck, many timeshare resale companies take hundreds of $$$, then put a one line listing on one or more websites. You can list your unit for sale on several website for around $50 to $100. As far as a tax deduction, I don't think selling a TS at a loss qualifies for a deduction. It's personal property, not a primary residence, much like your car. This question gets brought up a lot...to one of the attorneys or out there, please clarify