topic Are lease fees on rental property deductible expense? in Investors & landlords

Are lease fees on rental property deductible expense?

janatha1 — Sat, 01 Jun 2019 06:55:53 GMT

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?

Where do I enter the Land Lease Fees. In the other expen...

janatha1 — Sat, 01 Jun 2019 06:55:56 GMT

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

That would be fine.

ToddL — Sat, 01 Jun 2019 06:55:58 GMT

That would be fine.

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

ToddL — Sat, 01 Jun 2019 06:56:02 GMT

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