@Tjsdas
You can only take a donation for something that you have a basis in. Roughly speaking, basis is the amount of after-tax income you have invested in something. If you find some used furniture on the side of the road, you fix it and clean it up and then donate it to Goodwill, you can deduct the value of your supplies used in fixing and cleaning, but you can’t deduct anything for the value of your time, and you can’t deduct the value of the furniture, because it was never included in your taxable income.
So the question is, do you have a taxable basis in your timeshare points? That probably depends on what you were required to do in order to get to the points. If your original contract said something like, you are paying $10,000 upfront and in return we will give you 20,000 points per year for you to use at any location according to a points menu, then you paid for the points, and I think you have a basis in them. On the other hand, if you were awarded points like discount coupons for using facilities, that could be applied to future vacations, then I don’t think you have a basis, because it’s a discount coupon, and not an asset that you purchased. But I would certainly be interested in hearing other opinions.
