2007-03-08 06:29:45 · 5 answers · asked by SalukiDawg747 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Nope, sorry condo assessment fees and special assessments are not tax deducible. Keep track of the special assessments, though, because you could add that to your cost basis when you get ready to sell the condo. If you rented out a condo that you owned, then you could deduct all the assessment fees. I hope that helps answers your question.
2007-03-08 06:35:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No, neither condo fees nor special assessments are tax deductible.
2007-03-08 07:20:27 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Only if the special assessment was for something that was tax-deductible-- like county taxes -- but it's very unlikely you would not be billed directly for those as the property owner.
2007-03-08 08:18:11 · answer #3 · answered by SDD 7 · 0⤊ 1⤋
No, these are NOT deductible expenses.
2007-03-08 08:31:43 · answer #4 · answered by Judy 7 · 1⤊ 0⤋
not but I think PMI is....so keep track!!
2007-03-08 06:36:55 · answer #5 · answered by ♥Mommy to 3 year old Jacob and baby on the way♥ 7 · 0⤊ 1⤋