taxes

[Mbm1014]

Do we have to file any special Florida taxes when we own DVC timeshare?? Has it changed the way you file your taxes? Hubby is concerned and wants to make sure we do it right..

 

[CarolMN]

Not unless you live in Florida.

A portion of your annual fees is made up with property taxes. In most cases, you can deduct those. I am not a tax professional so you will need to verify before relying on that info, LOL. (But you should do that with most info you read on discussion boards, right?

 

[erionm]

Do we have to file any special Florida taxes when we own DVC timeshare?

Florida does not have an individual state income tax. The only reason to file a state tax return in Florida is if you have a Florida-located business, rental property, or farm. In that case, a Florida Tangible Personal Property tax return may be due.

 

[Mbm1014]

Not unless you live in Florida.

A portion of your annual fees is made up with property taxes. In most cases, you can deduct those. I am not a tax professional so you will need to verify before relying on that info, LOL. (But you should do that with most info you read on discussion boards, right?

thank you!! LOL