Yes but those are not fixed costs, if business slows down they can cut their labor force.Some of them have quite a few employees - those folks probably expect increases and employee associated expenses do not remain stagnant, either.
Yes but those are not fixed costs, if business slows down they can cut their labor force.Some of them have quite a few employees - those folks probably expect increases and employee associated expenses do not remain stagnant, either.
Oh, I wholeheartedly agree. Why let a rental agency make more off of my points than I clear once I pay MFs, taxes on the rental income and factor in the purchase price of those points? Not my precious VGF points!
I leave that to our accountant. As my husband puts it “That’s why he gets paid the big bucks”. So, I really have no idea what kind of magic he works.How do you calculate the rental income for tax purposes? Once you adjust for MF's and depreciation of the underlying asset, do you really owe taxes? I'm just curious in case I ever rent one day.
Good call! Hopefully uncle Sam doesn't take too much .I leave that to our accountant. As my husband puts it “That’s why he gets paid the big bucks”. So, I really have no idea what kind of magic he works.
How do you calculate the rental income for tax purposes? Once you adjust for MF's and depreciation of the underlying asset, do you really owe taxes? I'm just curious in case I ever rent one day.
Thanks, that is good to know.Unless you purchased the timeshare as an investment, and don't use it yourself, you cannot depreciate it.
You can write off the maintenance fees associated with rental points, and any fees specific to the rental (e.g., if you paid a broker a fee to list on his site), but otherwise, that's about it.