I recentley receive a google news-alert related to selling timeshare and tax related Q & A pertaining to deductions. The fillowing quote is from Cincinnati.com:

TIMESHARE FEES LOST

Q: I sold a timeshare in 2007. Are the maintenance fees and the loss on purchase price vs. sale price all deductible as losses against income?

A: No, unfortunately you can not deduct losses from the sale of personal assets (such as a residence or timeshare). However, if the timeshare was a rental property then the loss and expenses may be deductible. See IRS Publication 523 for more information.

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