40924
You'll need to sign in or create an account to connect with an expert.
Yes, you can deduct management fees for your rental. See below for examples of deductible expenses and items that may need to be capitalized.
Which line/category do i put 1) Homeowner association dues and condo fees and 2) Property Management fee?
I'm thinking either line 11 Contract Labor or 17 Legal & Professional Services but I am not sure.
It depends.
You can list the HOA dues and Condo Fees under Other expenses.
You can list the Property Management fees under Management Fees or Other expenses.
Just make sure you retain the support for the expenses you list on your return.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
1dragonlady1
New Member
vanminhcao
Returning Member
maggie95andy
New Member
JFlint77
New Member
cmallari
New Member