Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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#17
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I think I know the answer to this one. Can the interest paid on your bond be deducted?
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It's harder to hate close up. |
#18
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You probably don't have to... But make sure that you read what you have to file for on the state's income tax web site. Unless you moved on 12/31/xx or 1/1/xx, you probably have to file a "part-year resident return" for the year you moved (which will give them your new address and signal you aren't in Kansas anymore). Note that some states require you to file a non-resident return based on the sale of your home or for rental income, which could be several months or years after you changed residency.
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#19
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Good question. I doubt it, but does anybody know for sure?
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Be the change that you wish to see in the world. ― Mahatma Gandhi |
#20
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This is a very old subject that is just going to get the controversy button pushed. Go to the search feature and you will find thousands of post on this subject.
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#21
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Why? Some should have a short yes-or-no answer without having to wade through a myriad of old posts looking for the one that answers the question.
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It's harder to hate close up. |
#22
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7000 posts and you don't know the answer to this question?
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#23
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Nope.
__________________
It's harder to hate close up. |
#24
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It has been said so many, many times before......................NO.
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The further a society drifts from truth the more it will hate those who speak it. George Orwell. “Only truth and transparency can guarantee freedom”, John McCain |
#25
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OP started this thread so people could ask tax questions. He didn't say the requirement was not to ask a question answered twenty thousand posts ago on a different thread.
As someone has said before, open the refrigerator door, take out what you want...
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It's harder to hate close up. |
#26
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For itemizes it is still no as mortgage interest and interest related to investments are the only deductible items. You might he able to get the bond "included" in your mortgage and then you would get a deduction. Remember the bond is actually part of the cost of your house. |
#27
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__________________
It's harder to hate close up. |
#28
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Typically I don't go back and search the archives here when I see a post that interests me, and probably won't.
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Be the change that you wish to see in the world. ― Mahatma Gandhi |
#29
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We own a property in TV and rent it out for 3 months. We report the rent as income and deduct expenses. Where on my taxes does the bond and maintenance get listed as a deduction? Thanks
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#30
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Read the instructions very carefully, especially if you use the house (or a relative does) for all or part of the rest of year. |
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