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Investors & landlords
Okay, so then follow up to this, @DavidD66 and anyone who knows. In the 19 years before it became a short-term rental there have been several assessments: building-wide window replacements, exterior painting, parking resurfacing, tennis court resurfacing, pool tile replacement....(making you wanna buy into a condo yet? 🙄).
Do I include all those pre-in-service-date assessments as part of my "cost of acquisition", or do they go someplace else? And where do I report future assessments when the time comes? We have a lovely $4k roof assessment coming up.
‎April 12, 2025
2:34 PM