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Level 2
June 1, 2019
Solved

Are lease fees on rental property deductible expense?

  • June 1, 2019
  • 3 replies
  • 66 views
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?
Best answer by

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

3 replies

janatha1Author
Level 2
June 1, 2019
Where do I enter the Land Lease Fees.  In the other expenses area?
June 1, 2019
That would be fine.
Answer
June 1, 2019

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