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Get your taxes done using TurboTax
Assessments made for permanent improvements to the common property (e.g. storm sewers, drainage ponds, play grounds, etc.) can be included in the cost basis of your individual lot.
Assessments made for repairs, maintenance and HOA fees cannot be treated as increases to your cost basis.
ā€ˇFebruary 10, 2021
8:30 AM
935 Views