Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How much of the maintenance in a co-op is tax deductible?

April 26, 2017Co-op deductible maintenance tax

0

Posted

How much of the maintenance in a co-op is tax deductible?

1 Answer

0

Posted

A portion of the maintenance is used to pay real estate property taxes. Co-op buildings receive one tax bill for the entire building. Each shareholder pays a proportionate amount of the building’s taxes, and the portion of the maintenance that is used to pay the real estate property taxes is 100% tax deductible.