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Deductions & credits
if it's rental the HOA fee should be reported on form Federal 1040 schedule E just like other expenses related to the rental. Since Illinois starts out its return with the federal adjusted gross income the deduction would flow through to the Illinois return. if this is investment property (not sure want you mean if it isn't rental other than it being a second residence) the HOA fee would not be deductible for either federal or state purposes.
May 26, 2021
1:54 AM