Solved: Re: Deduction HOA fees

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

posted

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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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.