[Kelsie52]

Originally Posted by jane032657

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.

I believe that the bond is not calculated by anything that has to do with your property size or cost--Ex: your bond will be the same as everone else in your section --no matter the amount you paid for the home or the size of the home or property --It is calculated from the number of homes in the section Vs the cost of infrastructure to those homes ... As it was explained to us by our salesperson --therefore the cost is not based on the residence itself --so It is not deductable --- Wish it were ....

Good Luck