[all]

[quote=bearishgurl] $3,308.66 (payable to CFD’s) out of a $9,398.64 tax bill is NOT tax deductible. [/quote]

What is your source for this?

The most authoritative source that I can find is the one quoted in this thread (http://www.ftb.ca.gov/individuals/faq/net/909.shtml) and that one is not that explicit.

[all]

[quote=bearishgurl] $3,308.66 (payable to CFD’s) out of a $9,398.64 tax bill is NOT tax deductible. [/quote]

What is your source for this?

The most authoritative source that I can find is the one quoted in this thread (http://www.ftb.ca.gov/individuals/faq/net/909.shtml) and that one is not that explicit.

[all]

[quote=bearishgurl] $3,308.66 (payable to CFD’s) out of a $9,398.64 tax bill is NOT tax deductible. [/quote]

What is your source for this?

The most authoritative source that I can find is the one quoted in this thread (http://www.ftb.ca.gov/individuals/faq/net/909.shtml) and that one is not that explicit.

[all]

[quote=bearishgurl] $3,308.66 (payable to CFD’s) out of a $9,398.64 tax bill is NOT tax deductible. [/quote]

What is your source for this?

The most authoritative source that I can find is the one quoted in this thread (http://www.ftb.ca.gov/individuals/faq/net/909.shtml) and that one is not that explicit.

[all]

[quote=bearishgurl] $3,308.66 (payable to CFD’s) out of a $9,398.64 tax bill is NOT tax deductible. [/quote]

What is your source for this?

The most authoritative source that I can find is the one quoted in this thread (http://www.ftb.ca.gov/individuals/faq/net/909.shtml) and that one is not that explicit.

[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.

[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=lepetitangel] Correct me if I am wrong, does mello-roos run about 30-years? If the house was built in 1991, should the mello-roos be done in 2021? (another 10 years from now). [/quote]

CFD#6, which is established in 2002 covers 4S Ranch, says this:
“The special tax shall be levied for a period of twenty-five (25) fiscal years after issuance of bonds, but in any case not after fiscal year 2045-46.”

Yours might be different.

[all]

[quote=lepetitangel] Correct me if I am wrong, does mello-roos run about 30-years? If the house was built in 1991, should the mello-roos be done in 2021? (another 10 years from now). [/quote]

CFD#6, which is established in 2002 covers 4S Ranch, says this:
“The special tax shall be levied for a period of twenty-five (25) fiscal years after issuance of bonds, but in any case not after fiscal year 2045-46.”

Yours might be different.

[all]

[quote=lepetitangel] Correct me if I am wrong, does mello-roos run about 30-years? If the house was built in 1991, should the mello-roos be done in 2021? (another 10 years from now). [/quote]

CFD#6, which is established in 2002 covers 4S Ranch, says this:
“The special tax shall be levied for a period of twenty-five (25) fiscal years after issuance of bonds, but in any case not after fiscal year 2045-46.”

Yours might be different.

[all]

[quote=lepetitangel] Correct me if I am wrong, does mello-roos run about 30-years? If the house was built in 1991, should the mello-roos be done in 2021? (another 10 years from now). [/quote]

CFD#6, which is established in 2002 covers 4S Ranch, says this:
“The special tax shall be levied for a period of twenty-five (25) fiscal years after issuance of bonds, but in any case not after fiscal year 2045-46.”

Yours might be different.

[all]

[quote=lepetitangel] Correct me if I am wrong, does mello-roos run about 30-years? If the house was built in 1991, should the mello-roos be done in 2021? (another 10 years from now). [/quote]

CFD#6, which is established in 2002 covers 4S Ranch, says this:
“The special tax shall be levied for a period of twenty-five (25) fiscal years after issuance of bonds, but in any case not after fiscal year 2045-46.”

Yours might be different.

[Author]

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