I have rental condo. HOA wants to replace balcony rails (old wooden replace with new aluminum). They issued special assessment, either as a lump-sum $10,364 or 83-month loan payments $153/mo, starting April 1, 2019. Assuming I have money for any options, what is better choice from tax write off point of view. My personal data. I am in 22% tax range currently. In 3 years I will retire and possibly move into 12% tax range.
I almost certain that $10.364 must be depreciated for 27.5 years. What about loan payments that HOA will add to my monthly HOA fee? Can I add them to HOA fee category within 83 month until loan is paid off? How to deal with monthly payments?
