Do You claim DVC on Your Taxes??

[TwingleMum]

I'm sorry if this is a dumb question but this is the first tax year (2003) That we've owned DVC. Is there anything we should bring to account? Anything we can claim? Thank you, I'm sorry if this has been asked and answered - search not working.

 

[spiceycat]

the property tax and if you are financing through disney the interest rate - DVC should have send you a 1098? by now.

 

[Gluman11]

Absolutely, write off the interest...........

 

[ClarabelleCow]

will we receive something for the property taxes??

 

[CarolMN]

Originally posted by ClarabelleCow
will we receive something for the property taxes??

Nothing special. We just deduct the amount of real estate taxes we actually paid in 2003. The amount is listed on your annual dues bill/statement. You should already have that.

 

[wilderness01]

 

[lenshanem]

I still am waiting on the 1098. What do you think is up?

 

[Happy Birthday Cat]

Originally posted by lenshanem
I still am waiting on the 1098. What do you think is up?

You should call member accounting and tell them you didn't receive it. I think they have to have those out by January 31. At least memeber accounting could give you the amount so that you can start working on your taxes.

HBC

 

[TwingleMum]

Thanks everyone. I'll call member accounting.

 

[Debby7]

Here's another question-If you have multiple home resorts, do you deduct the property tax on your first resort home or consider DVC collectively as one resort home??? I have always been afraid to deduct for more than 1 resort home. Wonder what others do???

 

[spiceycat]

if all your resort homes are DVC - then yes you can deduct the interest - no matter how many you have. Now if you own a property in another area that you are already using for a tax deduction - no you can't.

you can deduct the property taxes no matter what.