questions on the point exchange

[Dznypal]

could someone please explain this I think it used to be RCI now it called something else this exchange then would keep the points for up to 2 years

this could be yet another option of what to do with our banked points so they dont expire

also Im still thinking of renting them out--I looked at that Davids rental and saw that they send you a W_9 form

Im assuming you have to pay taxes on the amount get from renting

sorry for all the questions but weve only been members since 2016 and took our first trip in 2017 which the night before we left DH came down with the flu--so I had to cancel last minute so the points went into holding which was a whole other issue

at least now I some time and options--granted not alot of time left but at least its something

 

[KAT4DISNEY]

You would probably want to speak with your accountant about the taxes but in general yes, you pay taxes on the income you receive from a rental. You should be able to deduct your expenses (MF's and perhaps depreciation on the original purchase) so the income the taxes are not a calculated on the full amount you receive for the rental but rather on the calculation of the amount your receive from the rental less the expenses you've paid.

DVC is changing from RCI to Interval (II) for outside exchanges. I'm not certain if all the rules have been posted to see if there's any differences from using it compared to what could be done using RCI.

 

[suebeelin]

It’s just as easy - maybe easier- to rent yourself instead of through David’s (rental board on this site). I think the going rate is $18ish pp or so.