plm wrote:flu wrote:djc

[djc]

[quote=plm][quote=flu][quote=djc][quote=plm][quote=FlyerInHi]I think technically Mello Roos is not tax deductible. But people do it anyway.[/quote]

I think there was come clarification by the IRS that the mello roos are tax deductible in response to something CA tried to do.[/quote]

Reviving this old thread.

Anyone have further info on the above? This impacts me this tax year. :)[/quote]

they already ruled on it…since 2012

http://www.bubbleinfo.com/2012/04/16/mello-roos-is-deductible-now/%5B/quote%5D

My interpretation from the ruling is that it can be deductible, doesn’t mean that it is definitely deductible. Just that the State ruling mello roos as not deductible is wrong. That being said, I think it should be deductible but for most people it doesn’t matter because of AMT.[/quote]

Doesn’t AMT only kick in for high earners or is there something I’m missing?