Discussion in 'DVC-Mousecellaneous' started by DougEMG, Feb 8, 2019.
Yes but those are not fixed costs, if business slows down they can cut their labor force.
I have SSR points that I rent out from time to time if I am not going to use it or if I need the money to pay the dues. I always see what everyone has them listed for and go with the price everyone else has regardless of where they own, since I can book anywhere 7 months ahead. What I have noticed is a lot of the ones that have such a reduced price usually expire in a very short amount of time and I think they are just trying to recoup a little so they don't lose the rest of their points. Maybe they forgot to bank them. That happened to me once.
How do you calculate the rental income for tax purposes? Once you adjust for MF's and depreciation of the underlying asset, do you really owe taxes? I'm just curious in case I ever rent one day.
I leave that to our accountant. As my husband puts it “That’s why he gets paid the big bucks”. So, I really have no idea what kind of magic he works.
Good call! Hopefully uncle Sam doesn't take too much .
Unless you purchased the timeshare as an investment, and don't use it yourself, you cannot depreciate it.
You can write off the maintenance fees associated with rental points, and any fees specific to the rental (e.g., if you paid a broker a fee to list on his site), but otherwise, that's about it.
Thanks, that is good to know.
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