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 put them under costs of sale. There is a special section in TurboTax where you get asked question about-and enter answers to those questions-on this topic. All these expenses, however, regardless of their nature, are not deductible against general income on your tax return. They only act to reduce the profit on the sale of the house. If you are concerned about whether you have taxable income from the sale of the house, TurboTax can calculate that for you.