Selling DVC & possible tax consequences

pixiedustforever

<font color=deeppink>Potty Princess<font color=tea
Joined
Dec 27, 2001
I bought DVC in 2000. The selling price will be more than I paid.
Will I have to report the difference as a capital gain & pay tax on it?

Thanks! :flower1:
 
  • cedricandsophie

    DIS Veteran
    Joined
    Apr 8, 2014
    The closing attorney will send you a W9 with the selling price shown. You need proof of what you Originally paid and the difference is what is taxed. We just did it this year after selling two contracts in 2019. We made a few thousand on each contract. Just be sure to deduct closing costs from the bottom line too.
     

    Dean

    DIS Veteran<br><a href="http://www.wdwinfo.com/dis
    Joined
    Aug 19, 1999

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