Talk of The Villages Florida - View Single Post - Interest portion of bond payment tax deductible?
View Single Post
 
Old 10-13-2012, 05:56 PM
tv2016's Avatar
tv2016 tv2016 is offline
Senior Member
Join Date: Jun 2011
Posts: 255
Thanks: 13
Thanked 3 Times in 3 Posts
Default

Quote:
Originally Posted by laceylady View Post
Yes, that is the way I read IRS pub 527 for RENTALS. None of this is deductible for an owner occupied home. Both our Villages Sales Rep. and loan officer at citizens made the owner occupied info clear before we built in April 2012.
Thank you. At some point, I'm going to call the IRS and have this conversation about a rental situation. When I do, I'll let you all know what they say.