Mello-Roos Tax Deductible

[Oxford]

http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic

[LAAFTERHOURS]

[quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.

[LAAFTERHOURS]

[quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.

[LAAFTERHOURS]

[quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.

[LAAFTERHOURS]

[quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.

[LAAFTERHOURS]

[quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.

[svelte]

[quote=LAAFTERHOURS][quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.[/quote]

Even if they are already built, during the original M-R period you are still paying off the bonds that built them, so my take is that they would not be deductible.

Now, once the M-R period expires…if they continue on with a smaller, maintenance M-R (as many on here have theorized M-R districts will do) then that would be deductible as I read it.

I like the way the enclosed link says that streets and sidewalks are for local benefit. Next time I see an out-of-towner on a street or sidewalk in a M-R district, I’m gonna tell’em to get the hell off since they are for local benefit only.

[svelte]

[quote=LAAFTERHOURS][quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.[/quote]

Even if they are already built, during the original M-R period you are still paying off the bonds that built them, so my take is that they would not be deductible.

Now, once the M-R period expires…if they continue on with a smaller, maintenance M-R (as many on here have theorized M-R districts will do) then that would be deductible as I read it.

I like the way the enclosed link says that streets and sidewalks are for local benefit. Next time I see an out-of-towner on a street or sidewalk in a M-R district, I’m gonna tell’em to get the hell off since they are for local benefit only.

[svelte]

[quote=LAAFTERHOURS][quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.[/quote]

Even if they are already built, during the original M-R period you are still paying off the bonds that built them, so my take is that they would not be deductible.

Now, once the M-R period expires…if they continue on with a smaller, maintenance M-R (as many on here have theorized M-R districts will do) then that would be deductible as I read it.

I like the way the enclosed link says that streets and sidewalks are for local benefit. Next time I see an out-of-towner on a street or sidewalk in a M-R district, I’m gonna tell’em to get the hell off since they are for local benefit only.

[svelte]

[quote=LAAFTERHOURS][quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.[/quote]

Even if they are already built, during the original M-R period you are still paying off the bonds that built them, so my take is that they would not be deductible.

Now, once the M-R period expires…if they continue on with a smaller, maintenance M-R (as many on here have theorized M-R districts will do) then that would be deductible as I read it.

I like the way the enclosed link says that streets and sidewalks are for local benefit. Next time I see an out-of-towner on a street or sidewalk in a M-R district, I’m gonna tell’em to get the hell off since they are for local benefit only.

[svelte]

[quote=LAAFTERHOURS][quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.[/quote]

Even if they are already built, during the original M-R period you are still paying off the bonds that built them, so my take is that they would not be deductible.

Now, once the M-R period expires…if they continue on with a smaller, maintenance M-R (as many on here have theorized M-R districts will do) then that would be deductible as I read it.

I like the way the enclosed link says that streets and sidewalks are for local benefit. Next time I see an out-of-towner on a street or sidewalk in a M-R district, I’m gonna tell’em to get the hell off since they are for local benefit only.

[all]

[quote=svelte][quote=LAAFTERHOURS][quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.[/quote]

Even if they are already built, during the original M-R period you are still paying off the bonds that built them, so my take is that they would not be deductible.

Now, once the M-R period expires…if they continue on with a smaller, maintenance M-R (as many on here have theorized M-R districts will do) then that would be deductible as I read it.

I like the way the enclosed link says that streets and sidewalks are for local benefit. Next time I see an out-of-towner on a street or sidewalk in a M-R district, I’m gonna tell’em to get the hell off since they are for local benefit only.[/quote]

What about the ‘interest’ clause? The entry says you can deduct the interest charges related to the benefits, if you can document the breakdown.

I went over the CDF#6 report for 2008-2009 and 91% of the expenses went to interest.

[all]

[quote=svelte][quote=LAAFTERHOURS][quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.[/quote]

Even if they are already built, during the original M-R period you are still paying off the bonds that built them, so my take is that they would not be deductible.

Now, once the M-R period expires…if they continue on with a smaller, maintenance M-R (as many on here have theorized M-R districts will do) then that would be deductible as I read it.

I like the way the enclosed link says that streets and sidewalks are for local benefit. Next time I see an out-of-towner on a street or sidewalk in a M-R district, I’m gonna tell’em to get the hell off since they are for local benefit only.[/quote]

What about the ‘interest’ clause? The entry says you can deduct the interest charges related to the benefits, if you can document the breakdown.

I went over the CDF#6 report for 2008-2009 and 91% of the expenses went to interest.

[all]

[quote=svelte][quote=LAAFTERHOURS][quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.[/quote]

Even if they are already built, during the original M-R period you are still paying off the bonds that built them, so my take is that they would not be deductible.

Now, once the M-R period expires…if they continue on with a smaller, maintenance M-R (as many on here have theorized M-R districts will do) then that would be deductible as I read it.

I like the way the enclosed link says that streets and sidewalks are for local benefit. Next time I see an out-of-towner on a street or sidewalk in a M-R district, I’m gonna tell’em to get the hell off since they are for local benefit only.[/quote]

What about the ‘interest’ clause? The entry says you can deduct the interest charges related to the benefits, if you can document the breakdown.

I went over the CDF#6 report for 2008-2009 and 91% of the expenses went to interest.

[all]

[quote=svelte][quote=LAAFTERHOURS][quote=Oxford]http://www.ftb.ca.gov/individuals/faq/net/909.shtml

OX
…googleholic[/quote]

So if you are in a mello-roos area and all those things on that link are built out, therefore all are receiving ongoing maintenance, wouldnt that mean all benefits and therefore the MR are tax deductible?

I know the answer but thats a pretty “loose” definition. Until they start enforcing, people will keep deducting.[/quote]

Even if they are already built, during the original M-R period you are still paying off the bonds that built them, so my take is that they would not be deductible.

Now, once the M-R period expires…if they continue on with a smaller, maintenance M-R (as many on here have theorized M-R districts will do) then that would be deductible as I read it.

I like the way the enclosed link says that streets and sidewalks are for local benefit. Next time I see an out-of-towner on a street or sidewalk in a M-R district, I’m gonna tell’em to get the hell off since they are for local benefit only.[/quote]

What about the ‘interest’ clause? The entry says you can deduct the interest charges related to the benefits, if you can document the breakdown.

I went over the CDF#6 report for 2008-2009 and 91% of the expenses went to interest.

[Author]

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