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Venting about Marriott Resorts Title CO INC

Ewiike

TUG Member
Joined
Apr 17, 2018
Messages
74
Reaction score
18
Points
68
Resorts Owned
Marriot's Harbour Lake , Sheraton Vistana Villages
Last year Marriott bought back our Harbor Lake unit for $4000, and just got a note from above office today , stating that they sent information for the IRS about $8,400 !
Unfortunately weekend is coming and President day( but I hope they are open on Monday), because I'd like to ask why they put more than double the amount we have received .
Anyone has any idea?:shrug:
 

SteelerGal

TUG Member
Joined
Mar 8, 2019
Messages
1,758
Reaction score
835
Points
224
Resorts Owned
WKV, SDO, HPP, Bay Club
That is odd. When I HGVC was excised at 1500, that's what was sent to the IRS.
 

Ewiike

TUG Member
Joined
Apr 17, 2018
Messages
74
Reaction score
18
Points
68
Resorts Owned
Marriot's Harbour Lake , Sheraton Vistana Villages
$8,400.00 was the asking price, they sold it for $8,400.00 ( at least that's what they said), and took a 50% commission , as we agreed , but why they sent 8,400 on the form to the IRS? Do we have to pay taxes on their commission too?
 
Last edited:

klpca

TUG Review Crew: Veteran
TUG Member
Joined
Sep 11, 2006
Messages
8,374
Reaction score
7,454
Points
749
Location
CA
Resorts Owned
SDO, Quarter House, Seapointe, Coronado Beach, Carlsbad Inn, Worldmark
$8,400.00 was the asking price, they sold it for $8,400.00 ( at least that's what they said), and took a 50% commission , as we agreed , but why they sent 8,400 on the form to the IRS? Do we have to pay taxes on their commission too?
Just deduct the commission paid as a selling expense.
 

Ewiike

TUG Member
Joined
Apr 17, 2018
Messages
74
Reaction score
18
Points
68
Resorts Owned
Marriot's Harbour Lake , Sheraton Vistana Villages
Just deduct the commission paid as a selling expense.
Thank you! I speak tomorrow with our tax advisor , I didn't want to bother him on Valentine's day!:)
 
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