Quote:
Originally Posted by OpusX1
My tax preparer told me that the interest on the bond is deductible, just like the interest on the mortgage.
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Your tax preparer is dead wrong,does he have a college degree or just a corner store flim flam man.I researched this topic until i was blue in the face(Kentucky Blue).The only way you can deduct the interest, is if you do a home equity loan.Read the rest of the informative post in this thread,from posters who actually spent the time to thoroughly research this subject, unlike your tax man.Incompetent tax preparers and ambulance chasing lawyers both have a place reserved for themselves in h*ll.