Tax time....just wondering...

[Beaniebug]

It is almost tax time. We bought into DVC last year, anything we can deduct from our taxes from closing costs or anything? We are new at this... could use a little help from all the experts out there. Thanks! :jumping4:

 

[PamOKW]

If you are paying a mortgage, then the interest payments could be deductible.

You are also probably able to deduct the real estate tax portion of the yearly dues. You'll find the actual amount paid in 2004 on the dues bill you received for 2005.

I don't think closing costs are deductible but the experts here might know better.