Final answer:
In a co-op, tax-deductible maintenance expenses depend on the tasks being performed. Regular maintenance expenses like cleaning and repairs are usually deductible, while major renovations may not be.
Step-by-step explanation:
In a co-op, maintenance expenses that are tax deductible depend on the specific maintenance tasks being performed. Generally, regular maintenance expenses such as cleaning, repairs, and landscaping can be tax deductible. However, any capital improvements or major renovations may not be eligible for tax deductions.
For example, if the co-op board hires a professional cleaning service to clean the common areas of the building, the cost of that service can be tax deductible. Similarly, if the board hires a contractor to make repairs to the building, those expenses can be tax deductible as well.
It is important to consult with a tax professional or accountant to determine which specific maintenance expenses are tax deductible in your particular situation.