Are there any tax advantages to DVC?

[DisOrBust]

I am sure its been asked but humor me. Can you deduct the interest from your taxes or the reale state taxes?

 

[MUcrick]

DisorBust,

Since the property is considered realestate, if you finance any portion of your purchase, the interest is tax deductible. The monthly/annual dues, however, are not.

mucrick

 

[TnRobin]

Note: The interest on any financing is only deductible if the finance agreement is secured by real estate as collateral.

As for your dues, that portion which was used to pay real estate taxes is deductible. See your statement to obtain this amount

 

[AEN]

Being a CPA, the best tax advantage for me is that I will be going away after tax season.

Generally, the previous responses were on target.

 

[WDWguru]

I know this isn't what you meant exactly, but also remember that with DVC you don't pay any sales tax on your room! That's a big percentage at WDW!

 

[erikthewise]

If you finance your purchase with a home equity line of credit, there's no doubt that the interest is tax-deductible. More importantly you get a much better rate.