"The Bond" - Can it be used as a tax write off?
 

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?

Thanks

A few prior threads on the topic - bond and/or the interest on the bond:

https://www.talkofthevillages.com/fo...nterest-57164/

https://www.talkofthevillages.com/fo...uctible-54668/

https://www.talkofthevillages.com/fo...on-bond-36461/

https://www.talkofthevillages.com/fo...uctable-49061/

Bill :)

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.:wave:
Here are a whole bunch of opinions. https://www.talkofthevillages.com/fo...uctible-54668/

NO.