Quote:
Originally Posted by Golfingnut
It is not tax deductible and yes the interest on it is high. Pay it up front.
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OK, so the interest on the CDD bond isn't deductible on your federal income tax return. How about if your home in TV is an income producing investment, not your personal residence? Then is the annual interest payment a deductible expense for that property?
There may be a few tax attorneys or tax preparers on TOTV - if you reply and are one of those, please identify your professional experience. But everyone's opinion is welcome, especially if it's based on your personal experience in the same circumstances.
I really don't want to trip over the IRS rules. Thanks in advance!!
