Unfortunately, homeowners’ association (HOA) fees paid on your personal residence are not deductible.
However, if you have an office in your home that you use in connection with a trade or business then you may be able to deduct a portion of the HOA fees that relate to that office.
If the home is a rental property then you can deduct the HOA fees as a rental expense.
Assessments are also not deductible. They are capital expenditures that would increase the basis in your home which could offset gains when you sell down the road.
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