Talk of The Villages Florida - View Single Post - Interest portion of bond payment tax deductible?
Thread: Interest portion of bond payment tax deductible?
View Single Post
 
Old 06-14-2012, 12:03 AM
Schaumburger's Avatar
Schaumburger Schaumburger is offline
Sage
Join Date: Apr 2010
Location: Schaumburg, IL - Chicago suburb - TV Wannabee
Posts: 4,257
Thanks: 1,004
Thanked 165 Times in 81 Posts
Default
Quote:
Originally Posted by jane032657 View Post
Those who say no, that the interest on the bond is NOT tax deductible seem to be correct. My husband the CPA as well as our realtor who is well connected in many ways to those in The Villages both say no it is not deductible. So if you do try and deduct the bond and/or interest, it could come back to bite you one day.
Don't mess with the IRS!