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callahra
New Member

I have rental properties where I am required to pay a monthly club membership. Where do I account for that expense on my federal tax form?

Can I account for club membership as a landlord for a renter?
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2 Replies

I have rental properties where I am required to pay a monthly club membership. Where do I account for that expense on my federal tax form?

Duplicate post.

Cynthiad66
Expert Alumni

I have rental properties where I am required to pay a monthly club membership. Where do I account for that expense on my federal tax form?

@callahra -Yes

 

You deduct this expense where you deduct your other rental expenses.  Schedule E or Schedule C as a "Other Deduction".  You can account for it as a landlord.  As a rental it is a personal expenditure and not tax deductible.

 

Generally, you claim expenses related to rental property on Schedule E and attach it to your individual income tax return. However, if you own the condo via a corporation, then you would fill out an IRS Form 1162 or 1162 S, which are tax returns for C corporations and S corporations, respectively.

 

Follow these steps to enter Rental Income and Expenses:

 

To go directly to the section of the tax return to enter information about rental income and expenses, use these steps:

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
  • This opens a box where you can type in “rental income and expenses” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to rental income and expenses
  • Click on the blue “Jump to rental income and expenses” link and enter your information
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