Talk of The Villages Florida - View Single Post - tax deduction on bond
Thread: tax deduction on bond
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Old 02-27-2011, 01:32 PM
kentucky blue kentucky blue is offline
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Originally Posted by PatandBob View Post
Just back from our lifestyle preview. We bought a lot in St. James (still feeling a bit nervous about it )

The village realtor told us the interest on the bond payment was tax deductible. This didn't seem right to me ... is it indeed tax deductible?

Thanks for the information!
No, the 7.25% interest payments on your bond are not tax deductible. I am going to pay my bond off with my 3% home equity loan.Besides saving 4.25% on the loan, it's tax deductible.Just wish the real estate sales personnel would give buyers full disclosure on the bond issue right up front, it's not a deal breaker when you have all the facts.Congratulations on your purchase.