Timeshare Donation

Post reply

Note: Please do not post ads in the timeshare forums. If you want to add a timeshare posting, go here.

Subject:^*

Your Message:^*

Alert me to replies in this topic
Quote original message in your reply

Original Message:

Re: Timeshare Donation (by R P.):

One more time from 'Smart Money' below:

""If the determined fair market value of the timeshare donation is greater than $500 you will need to file Form 8283 (pdf) with your tax return. If the value exceeds $5,000 then you must get a formal appraisal from a qualified appraiser to support the value of your deduction. “It’s ultimately up to you to determine the value of the donation that you report to the IRS and, of course, there are penalties for inflating those values to increase your tax deduction,”.