Structurally, surface rust is not a problem, and depending on the metal's thickness and alloy composition, a level of passivation may be reached. Regardless, it's best to correct surface rust as soon as you see it. The fix is not unlike general paint repair. Start by using an abrasive wheel or sandpaper [2] to cut through the paint and corrosion until clean, bright metal is visible. Next, apply primer, followed by paint [3] , then clear coat. Buff to blend the finishes [4] .
Rating Newest Oldest. Best Answer: Nope, sorry condo assessment fees and special assessments are not tax deducible. Keep track of the special assessments, though, because you could add that to your cost basis when you get ready to sell the condo. If you rented out a condo that you owned, then you could deduct all the assessment fees.
Best Answer: I've never heard of an HOA covering property taxes before, but.... Mortgage interest and property taxes are deductible IF you itemize deductions. Renting out one room of the house makes most expenses (partially) deductible, to the extent of gross rental income. just now. Report Abuse. Only the portion of the HOA fee that represents the property taxes on YOUR unit is deductible. Normally your property taxes are not included in HOA fees and the portion that represents the taxes on the common areas isn't deductible by you.