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March 5, 2025
Question

I rent out a condo in the building that has special assessment due to 50-year re-certification. I paid it off last year. How to put it on my tax return?

  • March 5, 2025
  • 1 reply
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    1 reply

    March 5, 2025

    This is a deductible rental expense.

     

    You enter it in the rental section as a miscellaneous rental expense and describe it as Special assessment for re-certification.

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