2 more easy DVC questions...

[disneyfan2kids]

1. Are dues payable via a monthly invoice...or can you pay 1 lump sum in January.

2. What tax implications (if any) are there regarding DVC, closing costs, and dues. Is anything at all tax deductible....(I'm reaching...I know...ha!)

 

[dianeschlicht]

I believe you can choose to pay either monthly or annually. The tax question involves deducting what is spent on property taxes only, I believe.

 

[Chuck S]

Diane is correct.

Dues can be paid monthly via a direct bank draft...not by check, CC or other payment type. They can be paid annually in January via check, credit card, etc.

The property tax portion can be deducted by most folks that itemize.

 

[Granny]

If you finance your DVC purchase through a home equity loan, that interest may also be deductible.