purchase info

[mpjpnc]

I am new to the time-share game but just signed a contract for BCV through Disney and I am wondering if, as far as tax purposes, the down payment and interest paid through financing are the same as paying on a home mortgage?

Thank You in advance for any info.

 

[cascadecupcake]

I don't think I can actually say "WELCOME HOME" (because I myself have only put down a deposit on BCV and am also waiting to hear on an OKW resale--I don't think I count as an official welcomer yet ) but CONGRATULATIONS ON YOUR BCV PURCHASE!

In regards to your interest, I do believe it works just like a mortgage and it is deductible. Some of the "veterans" will be able to answer that for you!

Congrats!

 

[spiceycat]

the interest pay through financing are as is the property tax - DVC tells you each every year.

Welcome Home!!!