[Russ_Boston]

Has anyone bought a new designer in the St. Charles area lately? I'm looking at a Lily or Iris model (or anything around 1900-2000 sq ft). How much was the bond? I'm trying to do some math!

Thanks, Russ

[golf2140]

Russ,

Designer in Bonita. $20.000 +

[JimJoe]

Where can we find out what the bond is on any home, new or resale. I would like to know the original amount and the amount currently owed. I can find out the purchase price, the exemptions, the taxes etc on the sumter assessor website but not the bond amount.
http://www.sumterpa.com/GIS/Search_F.asp
Where can we find it without calling a realtor? Where do they get it from?
Isn't it a public record? Thanks in advance for your help.

[Kelsie52]

Russ --We were down looking at designers in St Charles the first week of December. Salemen said 20,000 for designers here .

hope to finally buy something on next visit in May --we are interested in Gardiia or Lantana

Good luck

[Catalina34]

Russ -
I bought a new Jasmine with attached golf car garage last October in St. Charles. The bond was 20K.

[skip0358]

Speaking of the Bond. It's tax time. Is the bond deductable on Fed. Income Tax. ?? I also bought a Jasmine in Bonita 21,000.00 Bond.

[under55]

If you do your own taxes you can deduct it. But if a professional completes them hey will tell you they are not deductible.

[BobKat1]

Does that mean as far as the IRS is concerned bond payments are not deductible?

[Russ_Boston]

Originally Posted by under55

If you do your own taxes you can deduct it. But if a professional completes them hey will tell you they are not deductible.

So what you are saying is "What they don't know won't hurt you"

[Russ_Boston]

Approx 20K is what I expected. Good to know. Thanks for the replies.

[BobKat1]

Originally Posted by Russ_Boston

So what you are saying is "What they don't know won't hurt you"

That was my thought too. My concern would be if/when "they" know about it!

[Talk Host]

Originally Posted by under55

If you do your own taxes you can deduct it. But if a professional completes them hey will tell you they are not deductible.

I'm trying to remember the term that's used to describe this. But it escapes me at the moment.

[eremite06]

Originally Posted by Talk Host

I'm trying to remember the term that's used to describe this. But it escapes me at the moment.

Only "ad valorem" taxes are deductible. This does not include the bond.

[actor]

So you think it's ok to break the law if you do your own taxes? That's funny.

Originally Posted by under55

If you do your own taxes you can deduct it. But if a professional completes them hey will tell you they are not deductible.

[RVRoadie]

Originally Posted by under55

If you do your own taxes you can deduct it. But if a professional completes them hey will tell you they are not deductible.

If you get caught by the IRS (unlikely), you just give them the ole Treasury Secretary Tim Geithner defense: TurboTax made me do it.

Has anybody noticed that you can deduct a portion of your property taxes even if you don't itemize your deductions. The same is true for any sales tax you paid on vehicles. Sometimes it pays to actually go through the TurboTax interview process in order to keep up with tax law changes.