Talk of The Villages Florida - View Single Post - "The Bond" - Can it be used as a tax write off?
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Old 02-06-2013, 08:13 PM
Bogie Shooter Bogie Shooter is offline
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Quote:
Originally Posted by GordyM View Post
Just wondering.....

Can the bond that is placed on a new home be used as a tax write off?

I know everyone has different scenarios when it comes time to do their taxes but, if you are using it as a tax write off..... how are you doing it?

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It has been concluded on TOTV, on other threads, that it cannot be taken as a deduction.
However, you can pay it off with a home equity loan and then deduct the interest.
These comments should not be used in a court of law.
Here are a whole bunch of opinions. Interest portion of bond payment tax deductible?