This original version of this guest post about the pros and cons of donating a stay in your vacation home, written by Alex Chapman, first appeared on his web site, The Rent by Owner Guide.
For the last 3 years we’ve donated a stay at one of our vacation homes in a charity auction. We’ve usually donated a long weekend during off-season, so it wouldn’t impact our ability to rent. We’ve been pleased with how much money our donation has helped raise. However, there are complications and risks to consider.
- You cannot screen the guests
- You cannot deduct the value of the donation
- The guest cannot deduct the amount of their donation
- The stay counts against your own personal use for tax purposes