Author Topic: Mello-Roos & the Great Park  (Read 4021 times)

0 Members and 2 Guests are viewing this topic.

Offline Nguyen80

  • Tourist
  • *
  • Thanks
  • -Given: 11
  • -Received: 3
  • Posts: 35
Re: Mello-Roos & the Great Park
« Reply #30 on: January 13, 2021, 04:55:44 PM »
I would guess some great housing tax incentives are on the way. As well as extensions/ new incentives on clean energy products

Offline USCTrojanCPA

  • Your CPA Realtor
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2420
  • -Received: 1913
  • Posts: 9352
  • Gender: Male
Re: Mello-Roos & the Great Park
« Reply #31 on: January 14, 2021, 12:15:21 AM »
You'll get a tax deduction for property tax and Mello Roos on your state tax return (mello roos is technically partially deductible but to figure out how much take a CFA going through the bond prospectus. 
Martin Mania, CPA
AgencyOne
CA BRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!

Offline Cares

  • Real Estate Broker & Mortgage Loan Originator
  • O.C. Resident
  • ***
  • Thanks
  • -Given: 5
  • -Received: 152
  • Posts: 753
Re: Mello-Roos & the Great Park
« Reply #32 on: January 14, 2021, 09:11:47 AM »
Mello roos is technically only deductible for any "ad valorem" portion of it but I generally think it is a grey area so definitely consult with your CPA on how to handle it.

 

Talk Irvine Links

[Recent Posts]
[FAQ / Rules]

Site Supporters


Recent Posts

SimplePortal 2.3.7 © 2008-2021, SimplePortal