Donated use of condo for charitable purposes

[cc-emery]

We own a condo that is professionally managed and rented all year.  We donated a week use of the condo to a registered charity.  There are 3 different values:  the cost that the occupant pays to the management company ($3,000), the owner (our) proceeds from a rental ($1,500) and our finally out actual out-of-pocket cost for the wee ($35) - not counting the lost potential revenue.  What amount may be deducted as a charitable contribution, if any?

[SweetieJean · Accepted solution]

None of those, as you did not donate your total interest in the condo.

IRS rules generally don’t allow a charitable deduction for a contribution of less than your entire interest in property. The IRS says that a contribution of the right to use property is a contribution of less than your entire interest in that property and is not deductible. Here’s an example of this rule in action directly from  IRS Publication 526,  Charitable