Just some more follow up.
Bob is reading a blog on this and it is not clear. We think in every neighborhood everyone pays the same bond, is that correct or no?
I know at the Haciendas everyone pays $15,000 no matter the cost of the villa and there is at least a $100,000 spread. Some comments on the blog say that is not based on the value of the home but the neighborhood. It says that if the bond is for the improvements or repairs or for bond repayment and interest (a passthorugh) for money borrowed by the district, there are two different opinions about interest deduction, yes and no. It is sort of crazy making.
Now that Bob has read more, he is thinking that since the bond is not tax deductible then interest in not tax deductible but this is not definitve nor is the blog by the tax specialists. Stay tuned until next week unless he discovers a definitive. He is intent on understanding this, getting the facts and the answer.
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