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Deductions & credits
Thanks for your responses as I am glad to learn that regardless of the condo being available for rent 365 days per year, that the time vacant does not count and that any time family uses the condo it can count against expenses for the year. I also am now learning that special assessments are also sometimes not deductible, but would a special assessment used for keeping up with increased insurance costs, especially with new laws in FL, not be deductible?
March 30, 2025
9:59 AM