[katezbox]

Originally Posted by SUNNYMARYANN

I hate to admit my ignorance but this is all way over my head. I have never been intereted in bonds or political issues and that is to my disadvantage. I am waiting to sell my house in La and a devout Wannabee to TV. My concern is whether this issue is going to someday affect the homeowners in TV in their pocketbooks? I was already surprised to learn about the 'bond' involved in buying into TV and had never heard of it anywhere else. This latest dialogue involving the IRS and taxable non-taxable bonds is making me think perhaps TV in not the right place for me on a retirees income. I dont want anymore $$$ surprises than life already throws my way.

Mary Ann,

The bond associated with your home in TV is a common practice in many areas.

Again, we can speculate until the Buffalo "come home" but it is just speculation.

There are a couple of threads on this topic that may be worth a search for your own piece of mind. I went through some basics of how bonds work a couple of times.