Dvc rental store

[Mouseforward]

It was under $1k, haven’t gotten a tax form yet.

I got a online notification of the form from www.dvcrentalstore.com end of January this year - but it was for $5k

 

[eticketplease]

Update: Just checked. dvcrentalstore.com has upped their payout for reservations less than 7 months out to a whopping $14/point! LOL.

I guess they can do that since they are charging more than Disney rack rates lol.

Out of points so I was going to rent some to supplement my stay and they were $38.62 more a night without the cancellation policy. If I wanted to select the "Cashback Protection" it added an extra $100.

Of course going through Disney doesn't cost anything extra for cancellation peace of mind.

 

[eticketplease]

I got a online notification of the form from www.dvcrentalstore.com end of January this year - but it was for $5k

Was that for renting points or the swap program?

 

[Mouseforward]

Was that for renting points or the swap program?

Renting points , but since @HyperspaceMountainPilot got cash that would be a point rental not a swap.

 

[Shacka1]

Hi guys!! It’s almost time to submit for my hard to get room…..can I request on both sites? What happens if they both want a deposit. Do I do that and then just wait to hear back

I have ptsd from losing my dvc rental store war

 

[airjay75]

Hi guys!! It’s almost time to submit for my hard to get room…..can I request on both sites? What happens if they both want a deposit. Do I do that and then just wait to hear back

I have ptsd from losing my dvc rental store war

I probably wouldn’t request on both sites at the same time or you might lose a deposit. If you’re requesting something more than 7 months out, it is hard to say which one will be better. The only resorts where I have seen dvcrentalstore.com paying owners more than dvcrequest.com are BCV and CFW (paying $19/point). Every other resort, dvcrequest.com pays either the same or more. So, I would think that would attract more owners to dvcrequest.com, but it is really impossible to say with any certainty. Many owners renting through them are probably less concerned about getting top dollar for their points and more about the easiness of the process.

So, maybe if I were in your shoes, I’d try dvcrequest.com first? I say that with low confidence. I hope you get it though!

 

[Shacka1]

I probably wouldn’t request on both sites at the same time or you might lose a deposit. If you’re requesting something more than 7 months out, it is hard to say which one will be better. The only resorts where I have seen dvcrentalstore.com paying owners more than dvcrequest.com are BCV and CFW (paying $19/point). Every other resort, dvcrequest.com pays either the same or more. So, I would think that would attract more owners to dvcrequest.com, but it is really impossible to say with any certainty. Many owners renting through them are probably less concerned about getting top dollar for their points and more about the easiness of the process.

So, maybe if I were in your shoes, I’d try dvcrequest.com first? I say that with low confidence. I hope you get it though!

Thank you so much for this info! It’s neither of those resorts and it’s 11 months out! So fingers crossed. I appreciate the advice

 

[ILoveMyDVC]

Ok update from dvc rental store so hopefully this can help someone else

They cannot actually try to get you a reservation/match until you pay a deposit. They are waiting for someone to “claim the reservation” it’s been 7 days…..she said a few resale dvc contract ppl tried but it has to be direct dvc so they weren’t able to. We could lose availability in the process

David’s is closed but I am going to call them tomorrow to see if their process works the same.

I feel like I should’ve submitted on both sites and went with whoever had the match first. I’m so worried I’m going to lose it completely

I know that as someone who used to rent my points that I'm spooked. I imagine a great deal of Members are not willing to risk Disney's wrath by renting.

 

[MyDogTink]

Only hope would be if it’s under $2,500 (less than that in a handful of states).

https://www.paypal.com/us/cshelp/article/will-paypal-report-my-sales-to-the-irs-help543

Not to get off-topic (and definitely not to get political) but has the Big Beautiful Bill restored the 1099-K reporting levels to the original levels? I can’t determine if this applies to the 1099-K that PP would issue for timeshare rentals.

 

[VGCgroupie]

Not to get off-topic (and definitely not to get political) but has the Big Beautiful Bill restored the 1099-K reporting levels to the original levels? I can’t determine if this applies to the 1099-K that PP would issue for timeshare rentals.

Yes it applies to the 1009-K for PayPal when renting DVC. ( I am not a tax professional )

 

[airjay75]

Not to get off-topic (and definitely not to get political) but has the Big Beautiful Bill restored the 1099-K reporting levels to the original levels? I can’t determine if this applies to the 1099-K that PP would issue for timeshare rentals.

This is a really good catch. I had not been paying attention to this at all, but I think you are right. Pretty good summary here:
https://www.taxesforexpats.com/arti...k-600-rule-reversed-in-latest-tax-reform.html

So, @HyperspaceMountainPilot, I don't think you are going to get a 1099 for the money you got paid through PayPal (assuming payments received through PayPal were under $20,000 and you had less than 200 such transactions ). Looks to me like this change has been made retroactive and immediate meaning there will be no 1099-K reporting requirements for 2025 unless you meet those thresholds. This is actually quite big news from a DVC rental perspective.

I'm pretty sure dvcrequest.com pays owners through PayPal and I believe dvcrentalstore.com gives you the option of PayPal or ACH or check - if you don't want a 1099 and you rent through dvcerentalstore.com, you probably want to make sure they pay you through PayPal because I don't think the same 1099 reporting thresholds would apply if you get paid directly by them.

Really good catch, @MyDogTink.

 

[HyperspaceMountainPilot]

This is a really good catch. I had not been paying attention to this at all, but I think you are right. Pretty good summary here:
https://www.taxesforexpats.com/arti...k-600-rule-reversed-in-latest-tax-reform.html

So, @HyperspaceMountainPilot, I don't think you are going to get a 1099 for the money you got paid through PayPal (assuming payments received through PayPal were under $20,000 and you had less than 200 such transactions ). Looks to me like this change has been made retroactive and immediate meaning there will be no 1099-K reporting requirements for 2025 unless you meet those thresholds. This is actually quite big news from a DVC rental perspective.

I'm pretty sure dvcrequest.com pays owners through PayPal and I believe dvcrentalstore.com gives you the option of PayPal or ACH or check - if you don't want a 1099 and you rent through dvcerentalstore.com, you probably want to make sure they pay you through PayPal because I don't think the same 1099 reporting thresholds would apply if you get paid directly by them.

Really good catch, @MyDogTink.

The bulk of my DVCRM involuntarily PayPal payment was in 2024, I think.

 

[Cyberc1978]

Not to get off-topic (and definitely not to get political) but has the Big Beautiful Bill restored the 1099-K reporting levels to the original levels? I can’t determine if this applies to the 1099-K that PP would issue for timeshare rentals.

This is a really good catch. I had not been paying attention to this at all, but I think you are right. Pretty good summary here:
https://www.taxesforexpats.com/arti...k-600-rule-reversed-in-latest-tax-reform.html

So, @HyperspaceMountainPilot, I don't think you are going to get a 1099 for the money you got paid through PayPal (assuming payments received through PayPal were under $20,000 and you had less than 200 such transactions ). Looks to me like this change has been made retroactive and immediate meaning there will be no 1099-K reporting requirements for 2025 unless you meet those thresholds. This is actually quite big news from a DVC rental perspective.

I'm pretty sure dvcrequest.com pays owners through PayPal and I believe dvcrentalstore.com gives you the option of PayPal or ACH or check - if you don't want a 1099 and you rent through dvcerentalstore.com, you probably want to make sure they pay you through PayPal because I don't think the same 1099 reporting thresholds would apply if you get paid directly by them.

Really good catch, @MyDogTink.

Don’t know if this is a good or bad thing?

Lower threshold would mean more work for IRS but also more taxable income and maybe less ppl would commit fraud by not paying their taxes?

 

[MyDogTink]

The bulk of my DVCRM involuntarily PayPal payment was in 2024, I think.

Wouldn’t that have been captured in your 2024 tax year filing done in 2025?

 

[Mouseforward]

Don’t know if this is a good or bad thing?

Lower threshold would mean more work for IRS but also more taxable income and maybe less ppl would commit fraud by not paying their taxes?

The federal taxes are minimal at best after expenses are deducted and many of us qualify for no federal taxes if we stay personally up to the threshold each year and rent less than a week.

 

[airjay75]

The bulk of my DVCRM involuntarily PayPal payment was in 2024, I think.

If you haven't received a 1099 by now, you probably won't be receiving one. I think the 2024 reporting threshold was $5,000, but this new law retroactively changes that so the $20,000/200 transaction reporting threshold now applies to 2024 too.

 

[airjay75]

Don’t know if this is a good or bad thing?

Lower threshold would mean more work for IRS but also more taxable income and maybe less ppl would commit fraud by not paying their taxes?

I think you can make arguments either way. The lowering of the threshold was no doubt a revenue raiser which is all Congress tends to really care about when they enact these types of things - maybe I'm cynical after years of watching both parties write tax legislation, but these sorts of things are almost always thrown in so they can say they're raising revenue in order to offset other things they want to spend money on. They rarely care about what is actually good policy - both parties have views on other policies they think are good are bad, but stuff like this, good policy is not their primary goal.

In terms of what is good policy, well, I can see an argument for lowering the threshold and exempting family/friends transactions from 1099 reporting - you will have more income reported for pretty small transactions. But, as @Mouseforward points out, you're going to be capturing very small amounts of income and, honestly, a lot of the people affected by this probably won't even know how to offset their expenses and will end up paying taxes on the gross amount they received, not their actual income from the transaction. So, you're probably going to end up over-taxing the little guys to some extent and increase compliance burdens on them. I can so easily see the low income taxpayer who sold a few things on eBay receiving a 1099-K heading to H&R Block to pay them $400 to do their taxes solely because they received that form and didn't know what to do with it.

On the other hand, you've probably got other actual bad offenders conducting tens of thousands of dollars through third party platforms and not reporting the income. In my view, they are playing with fire because the IRS has ways of going after taxable income other than 1099 reporting. But, by lowering the threshold, you did make it much harder for them to avoid information reporting and avoid reporting income to the government. The $20,000/200 transaction will certainly be easier to game. Maybe something in the middle and adjusted for inflation would have been a better compromise from a tax policy perspective.

Beyond the expenses of the IRS, you also have increased costs for businesses who have to issue the 1099s - TBH, this back and forth on policy is probably worse than if Congress just picked one set of rules and stuck with it. I imagine PayPal/Venmo already spent millions beefing up their 1099 reporting systems, and now, they no longer need it. And, if Dems retake control in a few years and they reach for this as another revenue raiser, they'll probably have to spend more money again.

So, I don't know. The way I usually describe tax policy like this is that Congress is basically shuffling the deck chairs on the Titanic. They don't really care about what is the best policy, they're just playing games with raising revenue and/or saying they're sticking up for small businesses. It's politics. And none of it is going to have a significant effect on either economic activity or federal debt and deficits.

And, these are all reasons why, personally, I have no problem not reporting modest amounts of income that is not reported to the government. Now, if someone were making more significant amounts of money from something like DVC rentals on a regular and frequent basis, I would advise being much more diligent about you income and expense accounting. You are leaving a much more significant electronic paper trail and, the IRS has ways of figuring that sort of stuff out other then 1099 reporting.

Just my 2 cents on all of it FWIW (i.e, what you paid for it )