The principal portion is not tax deductible but are you all sure the interest of the bond itself is not tax deductible? My husband is a CPA, we are not there yet (we own a home in TV but just bought it in November) ; he is going to research this as he is very surprised that the interest itself would not be tax dedutible. It is interest paid on a personal residence and the bond is secured by the property. We are interested in becoming more educated on this. If there is a technical reason whay the interest itself would not be tax deductible, he is curious what it is. Help inform us with details. Thanks.
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