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.
Claiming the Deduction. Both the personal property tax and real estate tax write-offs can only be claimed if you itemize and forgo the standard deduction. To itemize, use Schedule A and Form 1040. On Schedule A, report your personal property taxes, like your car or boat taxes, on line 6.our property-tax deduction might save you money on your income tax return. Property taxes can add up fast, especially if you have to pay them on multiple items like your house, car and boat. Luckily for you, Uncle Sam provides some relief and lets you claim a tax deduction for qualifying property taxes.