BGV Departments

Schedule: Monday – Friday, 9 a.m. – 5 p.m.

Best Way to Contact: Email

• • Accounting@grandtimber.onmicrosoft.com
  • Process: email ACCOUNTING group with owners request/question and best email AND phone number
  • In case of emergencies: 970-547-3617

BGV General Accounting Handles:

• • • W8/W9 forms
    • 1099 Tax Form – Miscellaneous Income over $600 (domestic owners)
      • EMAIL ALL INQUIRIES TO: staffaccts@breckenridgegrandvacations.com
    • W-8ECI Tax Form – Affidavit of international residency, creates US tax liability for international owners – foreign owners who submit this must file US taxes.
    • W-9 Tax Form – Affidavit that the TIN # (Tax Identification Number, typically Social Security #) being provided, is in fact the TIN # for the customer (validation)
      • Domestic Owners or International Owners who have a US TIN #
    • Rental Check/Income Questions: Use the Rental Check Inquiry Form
  Rental/Tax Inquiry Form

Why Owners Are Taxed on the Full Income Amount:

BGV is required by the IRS to report the gross income amount earned, not the net distribution amount you received.

BGV’s commission for managing your rental is automatically deducted from the gross rental income earned but is considered a separate transaction.  Similarly, if you had requested your rental income be applied to your HOA account to pay all or a portion of your dues, that would further reduce the net distribution to you but would not change the amount reported to the IRS as earned rental income.

We are not tax professionals and, therefore, cannot give tax advice.  Generally, however, expenses associated with rental income, such as property management fees, are tax-deductible.  Please consult a tax professional for additional guidance.