Quote:
Originally Posted by BrianL99
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? |
IMO Everybody tries cheats on taxes why they have so many exemptions. Why federal will never go to flat tax? Lawyers make rules so lawyers can get paid long with down steam associations like IRS, CPRs, tax negotiators services, and tax prepare services. IMO flat tax ONLY fair way, no deductions you make this you pay this, I don’t care have many kids you have, how many charities, or foundations you have. But, that will never happen cause
rich will never pay their share. Yes I can have opinion.