Yeah, that's my understanding as well though SALT being capped at $10,000 means I didn't fully deduct the total value of the assessment. If I hadn't taken the deductions, are you saying that every special assessment would qualify for adding to the cost basis because it would require a lot of work to talk to each party responsible for each assessment to figure out what qualifies and what doesn't. For the record, I talked to a CPA and EA, the CPA said he never added them to the cost basis, just deduct them in Schedule A, the EA didn't even know what I was talking about. I also talked to the City and County and they are similarly as clueless to the details.
