JeffreyR77
Expert Alumni

Investors & landlords

It depends. 

 

Each Home Owner's Association has its own ordinances and regulations that residents agree to and abide by. 

 

If you own your mobile home and are the mortgage holder, then the HOA shouldn't be involved in making mortgage payments and you are entitled to claiming 100% of the mortgage interest associated with your home. 

 

Property tax may be an allocated expense that is a part of your HOA fees. 

 

Your question is best directed to your HOA on what is your home's amount of property tax. 

 

The standard deduction for your filing status may be more advantageous for you than itemizing your deduction to claim your mortgage interest and property tax.

 

2020 Standard Deduction Amounts