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