04-25-2007, 07:58 AM
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 Re: Condo basis Me-manny wrote: - quote - > I have a condo in a 13 floor high rise, with 92 units. We
See page 8 of Pub 530 found at IRS.GOV> had a special assessment to put on a new roof. Can I add > what I paid for the assessment to my basis? Replacing a roof will increase your basis. JOE << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
04-24-2007, 02:06 AM
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| Condo 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? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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