A relative or friend of the owner might make good use of the timeshare.
This method commonly involves selling the timeshare for $1 and proceeding with the formal transfer of title, typically performed by a timeshare closing and escrow company.
If a charity sells the timeshare and keeps the proceeds as a donation, the donor is then entitled to a tax deduction.
[4] Timeshare properties worth more than $5,000 need a written appraisal in conformity with IRS standards.
Publication 561 provides details on the form of written appraisal and the additional paperwork that needs to be attached to the return to secure the deduction.