The National Directory of Certified Public Accountants

Ask A CPA - Rental Expenses

Is The Sewer Assessment I Received On My Rental Property Deductible?

Special assessments on such things as sewer systems, local improvements or road repair, are not deductible real estate taxes. These costs would add to the basis of the real estate.

If you need professional help with "Rental Expenses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.