turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jalparker
New Member

Can the capital contribution to an HOA and the estoppel fee paid at closing be added to the cost basis of a home?

This was a second home used for personal use only, not an investment or rental property. I know that HOA dues paid at closing cannot be added to the basis.

1 Best answer

Accepted Solutions
MargaretL
Expert Alumni

Can the capital contribution to an HOA and the estoppel fee paid at closing be added to the cost basis of a home?

Unfortunately, estoppel or HOA fees cannot be added to the basis of the property, nor are they deductible expenses on a personal property.

View solution in original post

1 Reply
MargaretL
Expert Alumni

Can the capital contribution to an HOA and the estoppel fee paid at closing be added to the cost basis of a home?

Unfortunately, estoppel or HOA fees cannot be added to the basis of the property, nor are they deductible expenses on a personal property.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies