Agent

Are condo owner’s lawsuit costs tax deductible?

Judge clarifies Internal Revenue Code 212
Published on Jun 30, 2004

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by CareyBot

Gary owns a condominium in Pennant Village. After attending homeowner association meetings, he became convinced the association was being mismanaged and large profits were retained by the association rather than being used to repair deteriorating condo balconies. “In his view, ...

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