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Can HOA fees be added to cost basis or deducted from sale gain as selling expenses?
I understand HOA dues are not deductible either when buying or when selling your primary home. How about one time HOA fees during sale?
On the home selling statement there is a "Transfer fee to HOA association company" (owner transfer). Can this be deducted from the gains of the home as selling expenses?
On the buying statement I also had the following 2: "HOA Survey to Get Doc's Now.Com" and "Transfer Fee to HOA association company". When calculating adjusted home basis, can these 2 be added to home cost basis?
In general, what do we do with HOA one time fees during sale?
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‎June 6, 2019
12:51 PM