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?
>
>
>
>
>
>
>
>
>
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
Have something to add? Share your thoughts — no account required.
Ask the community — no account required