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Level 1
June 1, 2019
Question

Are property management fees paid to a company for a rental property tax deductible? If so how much of the fees and expenses are deductible?

  • June 1, 2019
  • 3 replies
  • 43 views
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3 replies

Alumni - Expert
June 1, 2019

Yes, you can deduct management fees for your rental. See below for examples of deductible expenses and items that may need to be capitalized.

https://turbotax.intuit.com/tax-tools/tax-tips/Rental-Property/Real-Estate-Tax-and-Rental-Property/I...

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Level 2
April 25, 2020

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.

Alumni - Expert
April 27, 2020

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.

 

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