topic Do monthly common charges get calculated into adjustments when a property is sold? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-monthly-common-charges-get-calculated-into-adjustments-when-a-property-is-sold/01/655970#M85787 Thu, 06 Jun 2019 09:09:26 GMT lriclau1987 2019-06-06T09:09:26Z Do monthly common charges get calculated into adjustments when a property is sold? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-monthly-common-charges-get-calculated-into-adjustments-when-a-property-is-sold/01/655970#M85787 Thu, 06 Jun 2019 09:09:26 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-monthly-common-charges-get-calculated-into-adjustments-when-a-property-is-sold/01/655970#M85787 lriclau1987 2019-06-06T09:09:26Z No, monthly common charges do not get calculated into bas... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-monthly-common-charges-do-not-get-calculated-into-bas/01/655977#M85788 <P>No, monthly common charges do not get calculated into basis adjustments when a property is sold. Only the cost of improvements to the property get added to the cost basis. Monthly "common charges" (e.g. HOA fees) are classified as common area facility and maintenance fees.</P> Thu, 06 Jun 2019 09:09:27 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-monthly-common-charges-do-not-get-calculated-into-bas/01/655977#M85788 ToddL 2019-06-06T09:09:27Z