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Get your taxes done using TurboTax
Thanks. Do I understand correctly your response as follows?
the one time capital contribution for property improvement, if charged to all condo owners at the time of moving in is deductible; however, the one-time set up fee may not be deductible since it may be just administrative in nature; and the load related fees such as origination and flood certification will not be deductible since it does not add to the value or cost for the property.
‎October 30, 2022
10:42 AM