- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No, you can not deduct the donation of a timeshare week as a charitable deduction. The IRS has a rule(1) that states, the use of a property, or the permission to use and occupy a property, is not considered a gift of property.
A donor cannot continue to enjoy control over donated funds or property contributed; the gift must be irrevocable to qualify for the charitable deduction.
A contribution of the right to use property is a contribution of less than your entire interest in that property and isn't deductible.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 26, 2023
12:01 PM