Please review this Turbo Tax link, as it relates to HOA fees. From what i am to interpret, the HOA fees that were paid at the time of the purchase.can be added to the basis but not for the ten years you owned the property. You can enter these as other investment expenses, which are itemized expenses if you are able to itemize.
Also property taxes paid during those ten years on your land could have been claimed as investment expenses as well.. You would not be able to claim those expenses for the entire ten years unless you amended your last ten years of tax returns. To claim for this year though, go to federal>deductions and credits>all tax breaks>Other Deductions and Credits>show more>Other Deductible Expenses>start>scroll through the question until it asks Did you have any of these less common expenses? here you would enter your investment expenses, which would include your HOA fees or property tax for this year.
Keep in mind, there is no authority that suggests that you add property taxes to the basis of your property.
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