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Financial Planning / Tax Strategies


Subject:  Re: Road Assessment - Deductible Tax? Date:  2/7/2007  3:34 PM
Author:  irasmilo Number:  91846 of 132498

My dad paid several thousand dollars as a special assessment for upgrades to the street that his house is on. Is this tax deductible?

Generally, no. However, it may add to his cost basis in the house.


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