No. of Recommendations: 0
My dad paid several thousand dollars as a special assessment for upgrades to the street that his house is on. Is this tax deductible?
Thanks,
Monica
No. of Recommendations: 0
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.
Ira
No. of Recommendations: 0
