- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
See page 16... top of middle column special assessments can be capitalized and depreciated
https://www.irs.gov/pub/irs-pdf/p527.pdf
“You can’t deduct special assessments you pay to a condominium management corporation for improvements. However, you may be able to recover your share of the cost of any improve- ment by taking depreciation.“
https://www.irs.gov/pub/irs-pdf/p527.pdf
“You can’t deduct special assessments you pay to a condominium management corporation for improvements. However, you may be able to recover your share of the cost of any improve- ment by taking depreciation.“
March 30, 2019
3:57 PM