Condo Q&A

Can owner claim condo fee as expense against income tax?

Written by CondoAssociation.com | Tue, Jun 16, 2015 @ 08:24 AM
I just inherited 50% of a condo from a deceased relative and it has a special assessment every month for $201. The condo is currently rented out to a tenant. Can I claim the special assessment as a property expenses for income tax purposes?