Filing property taxes for 2009

[silmarg]

OK I see you can claim the property taxes are there any other write offs with owning DVC?

One other tax item of note is that whatever part of your MF goes towards Capital Improvments will increase your basis in your DVC. Basis matters if you happen to sell your DVC at a gain.

For example, lets say you bought at OKW for $48 (is that what it went for originally?). Then over the years you paid $6 in Capital Improvement MFs. Your basis in the points would be $54. So if you were to later sell the OKW interest for $61 you would have a gain of $7 (61-54) not 13 (61-48).

Selling a DVC for a loss does not give rise to any tax benefit.