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.
You can get the full list here. 3. You CAN deduct real estate taxes, interest that qualifies as home mortgage interest, and mortgage insurance premiums. Visit the IRS site for the specifics.4. If you own a condo or co-op, you can enjoy tax deductions similar to those of detached homes.f you work out of your home or apartment you may be able to deduct a portion of the mortgage or rent for this use, if you meet specific requirements. This could be a tricky one though, so as with all tax tips, always seek professional advice to make sure you qualify. Read here for the specifics. 8.