Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
Thread: "No Bond" is promoted in home sales. But what's the real savings?
View Single Post
 
Old 11-26-2023, 04:52 PM
Bill14564 Bill14564 is online now
Sage
Join Date: Nov 2020
Location: Village of Hillsborough
Posts: 7,313
Thanks: 2,263
Thanked 7,701 Times in 3,016 Posts
Default
Quote:
Originally Posted by BrianL99 View Post
Apples & Oranges. The IRS has already said that CDD Bond Payments are not deductible.

If there's been an IRS decision if some portion of the monthly fee is deductible, I don't have a clue. I was only speaking of that fee ... which I suspect has no chance of being a legitimate deduction.
Yes, apples and oranges and kumquats. You mentioned the maintenance/amenity fee but those are two different things. The annual maintenance fee and the bond are also two different things.

Monthly: amenity fee
Yearly: maintenance fee
One time: bond (though that is amortized over 30 years)
__________________
Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.

Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough