Deduction HOA fees

retiredff-selpilot · ‎February 12, 2021

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

RayW7 · ‎February 12, 2021

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

RayW7 · ‎February 12, 2021

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.

Deduction HOA fees