striker1064
DIS Veteran
- Joined
- Jan 17, 2018
This rental increase is also likely to be a lot more than any sort of due increases (a portion of which you can write off on taxes as they are Florida property taxes).
In addition to what @supersnoop mentioned about it being very little, I also have never been sure that it's allowable to write off the property taxes in the first place. The IRS considers timeshares personal property as a rule so you can't normally deduct the tax like a mortgage. There is one situation where it's allowed, and that's if the timeshare owner bills the tax on a per-week basis directly to the owner. I can't remember for sure but I don't think DVC does it that way - I believe they assess the property tax to one property as a whole, so based on everything I've read it's not deductible.
That being said, it's such a tiny amount of money in the grand scheme and there are so many questions around it for me personally that I never deducted it on our taxes. It wasn't worth trying to explain it if it ever came up.