jlepstein1
TUG Member
- Joined
- Apr 3, 2011
- Messages
- 68
- Reaction score
- 7
- Points
- 219
- Resorts Owned
- Ocean Pointe, Beachplace, Barony
I am an enrolled owner and am thinking about renting some DC points that I can't easily use.
Does anyone know if the rental income is taxable? I assume it is. But if it is, then can you deduct the cost of the annual MF for the week that was linked to the points which you rented? That way you might only pay taxes on the net income rather than on the gross revenue.
In general, current tax laws do not impose taxes on rental income of vacation homes of less than 15 days, and we have not been taxed when renting a week here or a week there (provided the total was not more than 15 days). But points are different of course. Still, I suspect that you would not be taxed provided that you could show that those points originated with a specific week.
Does anyone have any thoughts on this issue?
Does anyone know if the rental income is taxable? I assume it is. But if it is, then can you deduct the cost of the annual MF for the week that was linked to the points which you rented? That way you might only pay taxes on the net income rather than on the gross revenue.
In general, current tax laws do not impose taxes on rental income of vacation homes of less than 15 days, and we have not been taxed when renting a week here or a week there (provided the total was not more than 15 days). But points are different of course. Still, I suspect that you would not be taxed provided that you could show that those points originated with a specific week.
Does anyone have any thoughts on this issue?