Mello-Roos Tax Deductible

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Doing my taxes and remembered there was a debate about the deductibility of Mello-Roos. Does anyone know if you can deduct Mello-Roos the same as regular property taxes? A few years ago I checked into this and concluded that the IRS says “no” but many people do it anyways and risk audit.

[SD Realtor]

Consult the tax code. For owner occupied homes no, you are not allowed to deduct them. However that does not mean that many people do not deduct them for owner occupied homes.

SD Realtor

[SD Realtor]

Consult the tax code. For owner occupied homes no, you are not allowed to deduct them. However that does not mean that many people do not deduct them for owner occupied homes.

SD Realtor

[SD Realtor]

Consult the tax code. For owner occupied homes no, you are not allowed to deduct them. However that does not mean that many people do not deduct them for owner occupied homes.

SD Realtor

[SD Realtor]

Consult the tax code. For owner occupied homes no, you are not allowed to deduct them. However that does not mean that many people do not deduct them for owner occupied homes.

SD Realtor

[SD Realtor]

Consult the tax code. For owner occupied homes no, you are not allowed to deduct them. However that does not mean that many people do not deduct them for owner occupied homes.

SD Realtor

[surveyor]

taxes!

I believe the principle of the tax code states that if a general assessment is levied and that assessment is broad based and does not specifically benefit the neighborhood, then it is tax deductible.

If that assessment is being levied and benefits those it is assessed against (like a neighborhood) then it is not tax deductible.

But yes, Mello Roos is not considered tax deductible if it is assessed against your personal residence.

You can go ahead and put it on and risk the audit. Still, as for the IRS, I’m sure they have bigger fish to fry.

[surveyor]

taxes!

I believe the principle of the tax code states that if a general assessment is levied and that assessment is broad based and does not specifically benefit the neighborhood, then it is tax deductible.

If that assessment is being levied and benefits those it is assessed against (like a neighborhood) then it is not tax deductible.

But yes, Mello Roos is not considered tax deductible if it is assessed against your personal residence.

You can go ahead and put it on and risk the audit. Still, as for the IRS, I’m sure they have bigger fish to fry.

[surveyor]

taxes!

I believe the principle of the tax code states that if a general assessment is levied and that assessment is broad based and does not specifically benefit the neighborhood, then it is tax deductible.

If that assessment is being levied and benefits those it is assessed against (like a neighborhood) then it is not tax deductible.

But yes, Mello Roos is not considered tax deductible if it is assessed against your personal residence.

You can go ahead and put it on and risk the audit. Still, as for the IRS, I’m sure they have bigger fish to fry.

[surveyor]

taxes!

I believe the principle of the tax code states that if a general assessment is levied and that assessment is broad based and does not specifically benefit the neighborhood, then it is tax deductible.

If that assessment is being levied and benefits those it is assessed against (like a neighborhood) then it is not tax deductible.

But yes, Mello Roos is not considered tax deductible if it is assessed against your personal residence.

You can go ahead and put it on and risk the audit. Still, as for the IRS, I’m sure they have bigger fish to fry.

[surveyor]

taxes!

I believe the principle of the tax code states that if a general assessment is levied and that assessment is broad based and does not specifically benefit the neighborhood, then it is tax deductible.

If that assessment is being levied and benefits those it is assessed against (like a neighborhood) then it is not tax deductible.

But yes, Mello Roos is not considered tax deductible if it is assessed against your personal residence.

You can go ahead and put it on and risk the audit. Still, as for the IRS, I’m sure they have bigger fish to fry.

[jpinpb]

I think not being able to deduct the MR is BS. I mean, technically, it’s property tax were it not for Prop 13. This is their roundabout way to go around Prop 13, but the reality is it is property tax. You should be able to deduct it. There must be some way to get a law overturned on this. It’s really screwing the homeowner. Prop 13 was supposed to help homeowners, but it just helps those who have been there for a long time. The new homeowners in new communities are really getting the shaft and carrying a load. It adds insult to injury. We will screw you w/a higher tax AND you can’t deduct it. That blows and sucks.

[jpinpb]

I think not being able to deduct the MR is BS. I mean, technically, it’s property tax were it not for Prop 13. This is their roundabout way to go around Prop 13, but the reality is it is property tax. You should be able to deduct it. There must be some way to get a law overturned on this. It’s really screwing the homeowner. Prop 13 was supposed to help homeowners, but it just helps those who have been there for a long time. The new homeowners in new communities are really getting the shaft and carrying a load. It adds insult to injury. We will screw you w/a higher tax AND you can’t deduct it. That blows and sucks.

[jpinpb]

I think not being able to deduct the MR is BS. I mean, technically, it’s property tax were it not for Prop 13. This is their roundabout way to go around Prop 13, but the reality is it is property tax. You should be able to deduct it. There must be some way to get a law overturned on this. It’s really screwing the homeowner. Prop 13 was supposed to help homeowners, but it just helps those who have been there for a long time. The new homeowners in new communities are really getting the shaft and carrying a load. It adds insult to injury. We will screw you w/a higher tax AND you can’t deduct it. That blows and sucks.

[jpinpb]

I think not being able to deduct the MR is BS. I mean, technically, it’s property tax were it not for Prop 13. This is their roundabout way to go around Prop 13, but the reality is it is property tax. You should be able to deduct it. There must be some way to get a law overturned on this. It’s really screwing the homeowner. Prop 13 was supposed to help homeowners, but it just helps those who have been there for a long time. The new homeowners in new communities are really getting the shaft and carrying a load. It adds insult to injury. We will screw you w/a higher tax AND you can’t deduct it. That blows and sucks.

[Author]

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