Certainly. Now if you are purchasing a 5, 10, 15 or 20 or more year term, your purchase price is depreciated over that term. For example, if you paid $10K (ten thousand dollars) today for a 10 year term, you would be in a position to write off $1K (one thousand dollars) per year for the 10 year term. Which at the end of the 10 years your initial investment would be fully written off.
I am glad you asked. Annual fees or Maintenance fees as they are better known, are ONE 100% tax-deductible. So, you can write off your Maintenance fees every year for as long as you own your membership.
When you travel to use your investment, will you be flying or driving?
Client: Flying
Great! Well, when you fly, the cost of your airline tickets is ONE 100% tax-deductible for you and anyone else in your household that might be travelling with you.
Client: Driving
Ground transportation to and from your investment location is covered such as Uber, Lyft, rental car or limousine. You must be able to produce a valid receipt, which Mexico taxis do not do, therefor they can’t be used as a tax deduction.
Client: What about my family?
All those members who are your dependants, meaning they live under the same roof as you, their airline tickets are also ONE 100% deductible.
OK, [rep name] has the sign-up forms to get you enrolled in Prime today, which should take no more than 5-6 minutes. Once that is done you will receive a Welcome email from us explaining the next steps along with our contact information in case you have any questions. Please remember that the Prime cost is also ONE 100% tax-deductible for this current tax year.
Even the fee you are paying to Prime Tax Advantage, that allows you to write off all your related expenses is ONE 100% tax-deductible and we have a ONE 100% money back guarantee.
Yes, any fee that you pay today to complete your deal, Administrative fees, closing costs or legal fees are all ONE 100% tax-deductible in this current tax year.
OK, [rep name] has the sign-up forms to get you enrolled in Prime today, which should take no more than 5-6 minutes. Once that is done you will receive a Welcome email from us explaining the next steps along with all of our contact information in case you have any questions. (If not already mentioned) AND we have a ONE 100% money back guarantee.
Are you a US or Canadian Citizen?
Client: US Citizen
Once you sign up with Prime Tax Advantage, you will receive a welcome email from our team here at Prime. Then we will send you a link to upload your investment contract and our accounting team will review to ensure we are getting you the most deductions possible.
Once the new Schedule E 1040 form for 2023 is published by the Government, we will upload your deduction totals into the appropriate line items and then send the completed form to you within 7- 10 business days. All that YOU will need to do is enter your Social Security Number and submit the form with your taxes.
Client: Canadian Citizen
Once you sign up with Prime Tax Advantage, you will receive a welcome email from our team here at Prime. Then we will send you a link to upload your investment contract and our accounting team will review to ensure we are getting you the most deductions possible.
Once the new T776E form for 2023 is published by the Government, we will upload your deduction totals into the appropriate line items and then send the completed form to you within 7 to 10 business days. All that YOU will need to do is enter your Social Insurance Number and submit the form with your taxes.
You will receive a link via email where you can upload all your scanned receipts.
Do you have any other questions today?
Client Response: No, thank you, that is it.
Thank you [client name & client name] and we look forward to welcoming you as new members to Prime Tax Advantage. Thanks again for calling and have a great day.
With over 25 Years of experience, Prime Management has provided and continues to provide Timeshare and Club Membership Owners with a customized service plan and the improved tax position of their Timeshare and Club Membership properties.
