- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The $10,000 is a service charge and is not property tax. You can only claim $500 in Property tax.
Abatement means a reduction.
This charge can be added to the basis of your property. When you sell the property, adding this to your cost basis will reduce your capital gain.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 30, 2022
8:12 AM