DVC tax document

[wdwdano@yahoo.com]

Has anyone received their tax documents yet? Or is there somewhere on the site that you can get them printed?

 

[WRWDisney]

Mine came yesterday (live in VA). Weird though; received two copies in two envelopes on the same day

 

[silverphoenix98]

I actually called MS about this yesterday and they told me that the forms would be mailed out on Thursday. I told them I had planned on doing my taxes today (which I did and my return is funding my March trip to WDW) and they were happy to give me my amount of mortgage interest over the phone. You can find out the property tax amount in the "My Membership" tab under "Annual Dues". Your tax person shouldn't have a problem entering the numbers if you tell them you called for the info.

 

[Robin"D"]

got ours on the Jan 28th / and we as well live in VA....

Robin & Angel "D"

 

[VirataMama4]

Just got ours today in Louisiana.

 

[palhockeymomof2]

We received ours today in NY

 

[EllenJ]

Wow, I never realized we can write it off on your taxes. I've been missing out all these years. Oh well, now I know.

 

[jennifer in canada]

Any Canadian owners claim this or know how this affects us?? Guessing we have to answer yes that we own us property??

 

[kgsmith]

Mine came yesterday (live in VA). Weird though; received two copies in two envelopes on the same day

We received two, as well. One came on Saturday, and the other on Tuesday.

 

[pyrxtc]

thanks for asking... I was wondering this today. I don't like the new site. It's hard to find things. Can't wait til that survey pops up and asks if I found everything and what I think.

 

[blondietink]

Have not received ours yet, but we don't have enough deductions to itemize anyway.

 

[VirataMama4]

I've never waited for our statement. I usually just go to the "transaction history" and enter in the dates, like Jan. 2012-Dec. 2012, and add up all the interest we've paid. It breaks it down, by what went to principal and what went to interest. I've yet to have the numbers not match. I do, do the math multiple times just to make sure. I'm impatient!

 

[okw2012]

Any Canadian owners claim this or know how this affects us?? Guessing we have to answer yes that we own us property??

In Canada, you can only deduct interests and MF (which includes property taxes) from the income associated with the property. Say rent or point transfer money. But then you have to pay income tax on what is left, potentially both in the US and Canada! You are likely better off not trying to get your taxes back. If you don't want to be (caught) cheating on your taxes, keep your annual rent revenues below your annual expenses (interests + MF). You can also deduct an amount for any loss in the value of your property (if any).

 

[disney54us]

I called member accounting, since I was gathering my tax info and the only thing missing was the papers from DVC. She verbally gave me the figure of what was paid in taxes and interest. Though your 2013 statement that we get in December does show 2012 Estimate Actual I over paid so seems they plied it o my contracts for 2013. Which they would make it a downloadable form.

 

[pyrxtc]

I've never waited for our statement. I usually just go to the "transaction history" and enter in the dates, like Jan. 2012-Dec. 2012, and add up all the interest we've paid. It breaks it down, by what went to principal and what went to interest. I've yet to have the numbers not match. I do, do the math multiple times just to make sure. I'm impatient!

I can't find the page to do that on the new website.

 

[VirataMama4]

I can't find the page to do that on the new website.

On the top of the page go to "My Membership", click on "loans". Scroll down to the very bottom of the page, and in a row written in blue it lists "View payment details, View transaction history, View amortization schedule", click on view transaction history. About halfway down the page you should see where you can enter the dates you need!

HTH!

 

[Friend of Figment]

Thanks for the info on how to find the paper work. This is my first year as a DVC owner...does anyone know if the closing costs are also deductible? Every bit helps!

 

[wdwdano@yahoo.com]

Thanks all mine came in the mail right after I posted this question.

 

[pyrxtc]

On the top of the page go to "My Membership", click on "loans". Scroll down to the very bottom of the page, and in a row written in blue it lists "View payment details, View transaction history, View amortization schedule", click on view transaction history. About halfway down the page you should see where you can enter the dates you need!

HTH!

Thank you !!

 

[ChrisNY2]

Hi -

I have a question for people who have two contracts with mortgages. Do they come as two separate tax documents each year or is it all combined into one?

(I'm asking because I believe you're only allowed to write off the interest for one vacation property, so I'm curious if multiple contracts are considered one property or several for tax purposes.)

thanks!