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retiredff-selpilot
Level 1

Deduction HOA fees

Can I deduct the HOA fees I paid each year now that the property has been sold?

1 Best answer

Accepted Solutions
RayW7
Expert Alumni

Deduction HOA fees

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.

 

TurboTax will help you determine the correct deduction.

View solution in original post

1 Reply
RayW7
Expert Alumni

Deduction HOA fees

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.

 

TurboTax will help you determine the correct deduction.

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