View Full Version : purchase info
03-13-2003, 11:24 AM
I am new to the time-share game but just signed a contract for BCV through Disney and I am wondering if, as far as tax purposes, the down payment and interest paid through financing are the same as paying on a home mortgage?
Thank You in advance for any info.
03-13-2003, 12:06 PM
I don't think I can actually say "WELCOME HOME" (because I myself have only put down a deposit on BCV and am also waiting to hear on an OKW resale--I don't think I count as an official welcomer yet :p ) but CONGRATULATIONS ON YOUR BCV PURCHASE!
In regards to your interest, I do believe it works just like a mortgage and it is deductible. Some of the "veterans" will be able to answer that for you!
03-13-2003, 12:10 PM
the interest pay through financing are as is the property tax - DVC tells you each every year.
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