I seem to be finding conflicting information on this question so any guidance would be appreciated.
My understanding is that a monthly HOA fee does NOT add to the adjusted basis of a property. I have been reading however that a 'portion' of this HOA fee can be added to the adjusted basis. If the monthly HOA is $500 and $100 is allocated for capital improvements (roofs, decks, driveways) would that $100 portion be considered a capital improvements and therefore added to the basis?
Thank you
