Annual Dues Statements - Do I need to request 2017?

[fearthisinc]

Just had a quick question.. Was putting some receipts in my "Tax Deductions Folder" and was just curious about the annual dues statement from our DVC resale purchase.. Part of the sale was that we paid the 2017 annual dues.. Will I be mailed a statement at the end of the year from DVC? Or do I need to request one from DVC? I checked the DVC website where it has the Annual Dues statement links, but there was none listed for download.. It just say "Thank You. Your 2017 Annual Dues have been paid in full".. I am assuming the statement that comes this January will be for the 2018 dues breakdown..

I know I am thinking way ahead, but was just curious on how DVC worked it.. From what I have read online it looks like they send the current years dues statement in January which shows the breakdown.. Just figured it would be good to have the breakdown on file to bring with us during tax time.

 

[CarolMN]

You may have to call (Member Accounting) since you purchased resale. My guess is that they don't load prior years' statements for resale contracts.

When I look at the website & click on the annual dues category, I see three boxes at the top:
Make a Payment (This is the one that says " Thank You, Your 2017 Dues have been paid in full").
Manage Auto-Pay
View Statement

We get a mailing in late December with the following years' budget and later, a bill / statement for the following year's fees. That shows the actual property taxes paid in the previous year (vs the estimated amount that was used to prepare the previous year's budget). Any difference between the estimated and actual is applied as either a credit or a debit.


I think that's right - if not, someone will correct me.

 

[drusba]

Not sure if you will get the info needed art end of year. Members will typically get at the end of 2017 a statement/bill that both (a) tells you the dues owed for 2018 and (b) tells you the amount the member paid in for real estate taxes in 2017 and the actual amount paid in real estate taxes during 2017 (which is usually a little different than amount the member paid in). That statement can then be used to support your deduction for real estate taxes in your tax return (there is no deduction for the rest of the dues). What i am not sure of is whether a new purchaser through resale gets a statement that includes anything about 2017 taxes paid by the former member (in the closing you were paying taxes that the member likely already paid). I am guessing you still get the same type of statement as others but I am not sure.