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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
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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

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Thanks!

Monica
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