Are lease fees on rental property deductible expense?

[janatha1]

We have a condo in Hawaii.  We pay HOA fees and also pay a Land Lease Fee.  Is the Land Lease Fee deductible as rental property expense?

[janatha1]

Where do I enter the Land Lease Fees.  In the other expenses area?

[ToddL]

That would be fine.

[ToddL · Accepted solution]

Yes, HOA fees and Land Lease Fees are deductible rental property expenses.

The IRS lets you deduct ordinary and necessary expenses required to manage, conserve, or maintain property that you rent to others. Unless you paid the HOA and land lease fees, the property would not be available for you to rent out.

https://ttlc.intuit.com/replies/4209856