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Old 06-09-2012, 06:10 AM
Luv2travel Luv2travel is offline
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Quote:
Originally Posted by jane032657 View Post
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.
We would all appreciate knowing the results of your husband's research.