- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
No. However, the HOA can reimburse you and the reimbursed amount would be taxable income to you that you will pay taxes on.
Another option is if the organization has what is called an "accountable reimbursement plan" where you would submit your "proof of expense" to the organization and they would reimburse you accordingly. This would not be taxable income to you, but would be a qualified tax deduction for the organization.
Since it's apparent no such plan existed in 2019, this can't happen for the 2019 tax year.
May 10, 2020
10:00 AM