cbyrne1174
TUG Member
- Joined
- Sep 1, 2018
- Messages
- 1,921
- Reaction score
- 1,608
- Location
- Tampa, FL
- Resorts Owned
- Club Wyndham, Marriott, DVC
100% resale!!
I’m trying to figure out whether or not I should give some deeds back to Wyndham. I usually use less points than I own and rent out the rest. The amount I make renting is less than my annual maintenance fees. My tax bracket is 22%. When I do a rental, it’s usually only about 10% more than what it costs me per point + listing fee. If I were taxed 22%, I’d be at a loss.
I just mainly wanted more housekeeping credits, so I would rent out a 224,000 point Bonnet Creek reservation that only used 1 housekeeping credit and have an extra 2 to work with for my remaining points.
Will the amount of money I make back doing the rental be taxed the entire amount or just the amount that exceeds my annual maintenance fee? (Does annual maintenance count as a deduction) My annual fees are around $4500 and my rental income is about $1500.
I just mainly wanted more housekeeping credits, so I would rent out a 224,000 point Bonnet Creek reservation that only used 1 housekeeping credit and have an extra 2 to work with for my remaining points.
Will the amount of money I make back doing the rental be taxed the entire amount or just the amount that exceeds my annual maintenance fee? (Does annual maintenance count as a deduction) My annual fees are around $4500 and my rental income is about $1500.