Capital Gains

[jaysue]

If you bought DVC points at $60 (for example) and sold them at $75 (for example) would you be liable for capital gains on the difference?

thanks
jaysue

 

[perdidobay]

According to my DH, the tax & estate planning CPA, yes.
If held for over one year...long term CG
....held under a year the profit would be short term CG.

Edited to add... DH says the cost of aquiring the points and selling them can be used to cut the amount of CG.
Example, you bought a resale contract and had to pay closing costs, or you had to pay closing costs,etc to sell your points.

 

[jaysue]

thanks for the reply

was starting to feel lonely



cheers
jaysue