DVC tax help..

[twinmomplus2new]

I am soooo confused as to whether or not this is deductable. MY FIL is insistent that it is not.
Yet I see people waiting for thier tax forms.
I own it outright no mortgae if that is any help to you?

 

[mom2rb]

I was able to deduct the interest on my loan and the property tax portion of my dues.

 

[disnutt]

As I understand it just the interest on your mortgage (loan) if you financed is tax deductible. Seek the serviced of a tax consultant to ensure that it is.

 

[chalee94]

the property tax component of maint. fees is typically deductible if you itemize.

interest on most DVC loans is not deductible.

 

[lisah0711]

I think that it depends on your tax situation. My CPA told me that both the taxes and interest are deductible as a second home -- and we financed through DVC. Do you have a tax advisor you can ask? The more money that you save on taxes the more you have to use at the parks!