Deduction of HOA fees on a rental property

AFS — Mon, 07 Sep 2020 19:00:32 GMT

I purchased a Condo as a rental property in May. Remodeling is taking longer than expected. I will not actually list the property for leasing until October. Will I be able to list the HOA fees for June-September as rental expenses even though it does not actually lease until October?

Re: Deduction of HOA fees on a rental property

Anonymous_ — Mon, 07 Sep 2020 19:18:54 GMT

@AFS wrote:

.....I will not actually list the property for leasing until October. Will I be able to list the HOA fees for June-September as rental expenses even though it does not actually lease until October?

No, you can only deduct rental expenses from the time you make the property available for rent.

See https://www.irs.gov/publications/p527#en_US_2019_publink1000218993

topic Deduction of HOA fees on a rental property in Investors & landlords

Deduction of HOA fees on a rental property

Re: Deduction of HOA fees on a rental property