DVC Points Swap for Cruise

[Dean]

Regardless, the fair market value of the bartered item is still included as income. That might actually make a trade worse. Can you adjust the costs basis of the bartered item the way you can when you rent out points?

Yes but wouldn't you have to report it differently . Ultimately it should be the "profit" on the rental which would be the gross amount of the rental minus direct expenses, mostly the maint fees. Would it be reported as a Barter on 1099-B or 1099-Misc or as a rental on Schedule E? Just curious. Of course depreciation and the 2 weeks free rental of a vacation home wouldn't apply for DVC.

 

[Daddio]

Update only.