I have a condo in a 13 floor high rise, with 92 units. We had a special assessment to put on a new roof. Can I add what I paid for the assessment to my basis?
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- posted
17 years ago
I have a condo in a 13 floor high rise, with 92 units. We had a special assessment to put on a new roof. Can I add what I paid for the assessment to my basis?
See page 8 of Pub 530 found at IRS.GOV Replacing a roof will increase your basis.
JOE
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