Taxes??

[Eventer98]

New to DVC as of this past spring!! I realize laws differ from state to state but does anyone know if any part of DVC ownership is able to be written off? If not will I even need to inform anyone about my ownership when filing? TIA!!

 

[DVC Mike]

Assuming you don't already have a second home, you can typically write-off the portion of your annual maintenance that are property taxes. I would consult your tax man for details.

 

[dvc_john]

Also, if you are financing, the interest should be deductible (if you itemize) as long as the loan is secured by real estate (ie, secured by the DVC property, or a home equity loan for example).

 

[Eventer98]

Thanks..we are already planning to itemize and the loan is secured through Disney financing. Definitely good news if it applies here in NY.