Hurricane disaster casualty loss.

[HS45]

The owner of a condo had no damage to their condo in a federally declared disaster area (DR-4834). The condo grounds were damaged. The HOA had a special assessment of $15,000 per condo to repair the landscaping, fix the pools and other cleanup operations. The  

Is the special assessment deductible by the condo owner (not rented, no business use) on Form 4684 as a personal loss?

Thank you  

Harry

[BobKamman · Accepted solution]

Don't they own a percentage of the common areas?  So wasn't there damage to their property?  Is the $15,000 assessment a fair measure of the amount -- it's just repairs, not improvements?  

[HS45]

BobKamman

Thank you for your reply.

I believe since the HOA divided the cost by the number of condos they do own a percentage of the common areas. The assessment is just for repairs.  I will treat it as deductible!

Thank you again. I have had a hard time wrapping my head around this issue.

Harry