Thanks V7, you explained it well. Everyone knows about the bonds that are paid with the purchase of the house, but not everyone is aware of the high debt other bonds for amenities bought from the developers. That fact kept us from buying in TV many years earlier, but when we did buy in Dec, we were aware of the bond liability, and purchased a smaller home than we would have had the bonds not existed. The IRS liability may become a totally new liabilty, but we are comfortable with our purchase.
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