Discussion:Timeshare use donation

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Kevinh5 (Talk | contribs)
(There, now you a)
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Dnc0716 (Talk | contribs)
(Thanks, sorry fo)
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{{ForumReplyPost|UserID=Kevinh5|Date=8 October 2009|Text=There, now you are a search expert. That's all it takes.}} {{ForumReplyPost|UserID=Kevinh5|Date=8 October 2009|Text=There, now you are a search expert. That's all it takes.}}
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 +{{ForumReplyPost|UserID=Dnc0716|Date=8 October 2009|Text=Thanks, sorry for the redundant question. I was using key word search for non-cash donations. Never tried timeshare - duh? Thanks again
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 +Nate}}

Revision as of 14:48, 8 October 2009

Discussion Forum Index --> Basic Tax Questions --> Timeshare use donation
Discussion Forum Index --> Tax Questions --> Timeshare use donation

Dnc0716 (talk|edits) said:

8 October 2009
I have a client who donated one week of timeshare use to a children's hospital. The client paid a maintenance fee of $670 for the week of use. The charitable organization gave him a receipt with a fmv of $2,500. My question is, is only the $670 deductible or the fmv of $2,500. Any guidance would help. Thanks in advance.

Nate

Kevinh5 (talk|edits) said:

8 October 2009
Nate, did you know that this has been answered before and that the little yellow search box would have helped you find the answer?

Kevinh5 (talk|edits) said:

8 October 2009
This is an example of an easy search: http://www.taxalmanac.org/index.php/Special:Search?search=time+share+donation

Kevinh5 (talk|edits) said:

8 October 2009
looking a little further down the page from that search you would find this: Discussion:Contribution of time share

Kevinh5 (talk|edits) said:

8 October 2009
There, now you are a search expert. That's all it takes.

Dnc0716 (talk|edits) said:

8 October 2009
Thanks, sorry for the redundant question. I was using key word search for non-cash donations. Never tried timeshare - duh? Thanks again

Nate