RichardG
New Member

Deductions & credits

I assume the assessment was due or past due.

In most cases assessments for local benefits are not tax deductible.  Please follow this link and review IRS Pub 530 for a discussion of deductible and non-deductible special assessments.  https://www.irs.gov/publications/p530/ar02.html#en_US_2016_publink100011838

If the assessment is not deductible as a form of property tax, the assessment you paid gets added to your basis in the property for purposes of calculating your gain/loss on the sale.