Talk of The Villages Florida - View Single Post - Bond question with a twist
Thread: Bond question with a twist
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Old 09-23-2011, 03:23 PM
gongoozler gongoozler is offline
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Quote:
Originally Posted by Mickedamouse24 View Post
Why can the bond payment not be claimed as a deduction on your yearly tax for real estate?
They (bonds) are not covered in the Federal tax code . . . the bond (on your individual property) is for bringing utilities, roads, etc to your property and it is not a tax! The bond on the golf courses, recreation centers, etc are different and on the north side of 466 are being studied by the I.R.S. because they were sold as tax-free bonds and that MAYBE a violation of the Federal tax code.