I thought that was what the big lawsuit from years ago was about. The builder charges interest on the bond, but you are not allowed to deduct it on your taxes. You can only deduct mortgage interest. Bond interest is not mortgage interest. Finance the bond into your mortgage and it's deductible. Just like an auto loan. You used to be able to deduct all interest, but not any more. If you take a home equity mortgage and buy a car, you can deduct the interest.
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Greg
A pessimist is an optimist with experience.
"In my many years I have come to a conclusion that one useless man is a shame, two is a law firm and three or more is a congress." - John Adams
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