Since this is a personal residence, you can report this in your return but the only tax advantage you have is that you can deduct property taxes that you pay for the property. Costs for repairs and HOA fees are non deductible.
Whatever cash you put down and upgrades are added together and will form a cash basis for your percentage of ownership. This will be relevant when you do sell the house in determining capital gains. Right now though you will not report this in your return. Keep any records up any upgrades and your initial investment for future reference.
To report your portion of your property tax, you will go to:
1) federal>deductions and credits>All tax breaks>Your Home>show more
2) Select property(Real Estate Tax)>start
Here is a Turbo Tax link that will give you some information on what i just talked about. Please note the section where it addresses home improvements.
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