Question

Selling DVC Points

Forum|Forum|4 years ago
April 4, 2022
1 reply
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I sold some of my DVC points this year but received deposits last year. I did not receive any 1099s, since payment was received through PayPal. Do I claim the income and if so, where do I claim? Is there any of the maintenance or property taxes I pay deductible?

Not A Product Question

T

ThomasM125

You do need to report the deposits as rental income on your tax return. You can deduct expenses that are reasonable and necessary. You enter the income and expenses in TurboTax under Income and Expenses, then Rental Properties and Royalties (sch E).

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