Tax filings for DVC ownershhip

[corpcomp]

I am a first year owner. For tax purposes, do you take the maintenance fees as a deduction?

 

[Dean]

You can only deduct the Real Estate Taxes which is a small percentage of the yearly dues.

 

[DisneyDVCdad]

You can also deduct the mortgage interest if you went that route.

 

[BirdsOfPreyDave]

You can only deduct the Real Estate Taxes which is a small percentage of the yearly dues.

I don't recall getting any kind of tax statement. Where did you find this information?

 

[Dean]

I don't recall getting any kind of tax statement. Where did you find this information?

It's included with the dues statement at the end of the year.

 

[corpcomp]

It's included with the dues statement at the end of the year.

OK so on 210 points my 2006 statement shows about $138 in property taxes. Considering I typically hit the AMT limit it will probably eliminate any deduction I can take but I will try.

Thanks for the help.

 

[Dean]

OK so on 210 points my 2006 statement shows about $138 in property taxes. Considering I typically hit the AMT limit it will probably eliminate any deduction I can take but I will try.

Thanks for the help.

That doesn't sound right, did you buy mid year? For both OKW and BWV last year it was real close to $1 per point.