Talk of The Villages Florida - View Single Post - Interest portion of bond payment tax deductible?
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Old 06-09-2012, 08:32 AM
784caroline 784caroline is offline
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The tax bill you get from Sumter county ..CLEARLY....identifies the bond payment as a Non-Advolrem tax, which is not deductible as an interest expense. How people "legally" get around this is to take a home equity loan out on your house and pay the bond off outright ....then you are only paying the HEL where the interest is deductible.