Quote:
Originally Posted by villagetinker
Also, as far as I know, the bond payments and interest are NOT deductible on income taxes. .
|
That is correct from what my CPA told me.
Many people simply deduct them, because it appears as "Taxes" on the payment to the County and unless there's an Audit, the IRS may not catch it. Not that anyone in TV would cheat on their taxes.
I assume (but don't know), that they can be capitalized as part of the home's purchase price? Surely they can be, on Investment property.
Are CDD Fees Tax Deductible? A New Homeowner's Guide
Are CDD Fees Tax-Deductible?