carynels
New Member

Investors & landlords

This is helpful reply.  What if my homeowner association as a part of its dues payments, includes homeowner's insurance for fire, wind and damage to the exterior portions of my townhouse?  For example, if the HOA property management firm has provided me with documentation that $800.00 of my $1,000.00 annual HOA dues pay for property insurance, is that an allowable tax deduction on my rental/investment property?