Category Archives: Timeshare

Value of Timeshare

Today TaxMama hears from Haley in the TaxQuips Forum, who is working on an Offer in Compromise. “Is there a method for obtaining a fair market value (FMV) for a Time Share property? I would hate to report the full purchase as the FMV on the 433-A, but don’t know any other way to value the […]

Timeshare for Charity

Today TaxMama hears from Barb from Kentucky in the TaxQuips Forum, who asks. “What amount can a  person deduct for giving 2 weeks use of their timeshare to a charity?  People tend to pay 0 a year for these 2 weeks. ”