turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

Is a paving assessment bill deductible?

For my main residence I had a county paving assessment.  Am I able to deduct this bill on my taxes and if so where?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MinhT1
Expert Alumni

Is a paving assessment bill deductible?

No.

 

Taxes that are an assessment for benefits such as streets, pavements, parkings which increase the value of your property aren't deductible as Property taxes.

 

They can be added to the cost basis of the property, which will help reduce any capital gains when you sell the property.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies