topic Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19) in Investors & landlords

Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

mylikuliku — Sat, 01 Jun 2019 00:29:19 GMT

You can put this Homeowners Association expense under oth...

DS30 — Sat, 01 Jun 2019 00:29:21 GMT

You can put this Homeowners Association expense under other expenses.

To enter this HOA expense in TurboTax Online or Desktop, please follow these steps:

Once you are in your tax return, click on the “Federal Taxes” tab ("Business" tab in TurboTax Home & Business)
Next click on “Wages & Income” ("Business Income and Expense" in TurboTax Home & Business)
Next click on “I’ll choose what I work on” (jump to full list)
Scroll down the screen until to come to the section “Rental Properties and Royalties”
Choose “Rental Properties and Royalties” and select “start’ (or “update” is you have already worked on this section)

Enter your rental property information through the TurboTax guided questions (or edit your rental property if it is already entered) until you come to a screen that is titled, Your "rental property name" rental summary.

Select to edit your rental expenses>I'll choose what I work on> click through several screen until you get to one titled "any other expenses" - you can put the total cost here with a description of "Homeowners association fees" (see screenshot)

@TurboTaxDeeS In the past 2 years, when I used "Guided Me...

mylikuliku — Sat, 01 Jun 2019 00:29:21 GMT

@TurboTaxDeeS In the past 2 years, when I used "Guided Me" under Turbo Tax, it actually put the HOA under "Cleaning & Maintenance". Does it mean it was wrong the last 2 years??

That is OK, too. I guess you can argue that HOA is consid...

DS30 — Sat, 01 Jun 2019 00:29:24 GMT

That is OK, too. I guess you can argue that HOA is considered a maintenance fee. (as in the HOA keeps the communal areas of your rental property and neighborhood clean)

Lenders now look for this on the tax return you might wan...

view2 — Sat, 01 Jun 2019 00:29:24 GMT

Lenders now look for this on the tax return you might want to list as other expenses and notation "HOA payments"

The association’s has “super-priority” lien rights.

Put under "Management Fees" - Look me up for more help. -...

sss3d — Sat, 01 Jun 2019 00:29:25 GMT

Put under "Management Fees" - Look me up for more help. - Hanson So

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

JORMAN — Sat, 08 Feb 2020 00:50:46 GMT

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other...

KarenM90 — Sat, 08 Feb 2020 02:39:15 GMT

Yes, since they are listed there under Property Maintenance (Cleaning and Maintenance) in TurboTax, list them there.

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

Carl — Sat, 08 Feb 2020 03:08:30 GMT

The absolute very last thing in the rental expenses section is for Miscellaneous Expenses. Just put it there labeled as "HOA Fees" and you're fine. Been doing that for over 25 years now.

Also, do not call it "HOA Dues". I did that one year and apparently the IRS computers thought it was dues paid to a professional organization that I was a member of. I was questioned on it because I am not in a profession that has a "professional" organization.

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

astridwilson — Sat, 08 Feb 2020 04:24:48 GMT

I always list it as management fees. To me it is the management of the property.

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

JustAnother — Sat, 18 Apr 2020 14:08:55 GMT

I pay HOA Fees and I pay a property management company monthly fee to manage the property as a super. Thus "Management Fee" I use for 'super' property mgt.

"Cleaning and Maintenance" as it covers exterior gardening is what I'll use for HOA fees.

Thanks guys

Re: Lenders now look for this on the tax return you might wan...

pennyag — Mon, 04 Oct 2021 21:14:04 GMT

This is very true, I am working with a lender and now I have to write letter that the HOA fees are included under maintenance for the underwriters to see if that helps as they back out HOA fees when looking at your expenses.

It is best to put under other and write in HOA fees.

Re: Lenders now look for this on the tax return you might wan...

Critter-3 — Tue, 05 Oct 2021 00:22:43 GMT

What is allowed on the IRS form and what the mortgage brokers look at can be totally different animals so don't worry about what line it is on the Sch E. What they don't take into consideration is the depreciation so if they need an explanation of what is in the mgmt fees line then so be it.

Re: Lenders now look for this on the tax return you might wan...

pennyag — Tue, 05 Oct 2021 01:17:59 GMT

If the lenders want to see the HOA fees listed, whatever the reason, other with it listed is the way to go. Why hassle with it? If you are not planing on getting a mortgage then it doesn't matter. I can understand discounting depreciation but for some reason, it was important.to see the HOA as separate.

Re: Lenders now look for this on the tax return you might wan...

Critter-3 — Tue, 05 Oct 2021 01:50:11 GMT

Personally I would have shown them a monthly bill from the HOA x 12 months to support the deduction they are questioning. Remember mortgage underwriters are not well versed in income tax regs and most just have to check off boxes on a checklist and don't really understand the underlying tax forms that are presented to them. But do what ever you need to do to accomplish the task at hand.

Re: You can put this Homeowners Association expense under oth...

billyk34 — Thu, 23 Feb 2023 19:02:45 GMT

As a mortgage lender, I can tell you with no uncertainty that you should be listing them as "OTHER" on Line 19 and NOT as "Cleaning & Maintenance" expense. The reason is simple but it would take to along to explain in detail. Let's just say that formula we use to calculate "Net Rental Income" from your rental properties requires us to specifically identify the regular elements of your monthly housing payment, including "[property] Taxes" (which has its own line) and "[homeowners'] Insurance" (which has its own line). HOA fees and Mortgage insurance do not have their own lines, and therefore these fees need to be clearly identified under the "Other" section which rolls-up under Line 19. If you write these fees off on any other line, it will reduce your qualify-able income from a mortgage lender's point-of-view; which will in-turn reduce your purchasing power.

Re: You can put this Homeowners Association expense under oth...

pennyag — Thu, 23 Feb 2023 23:23:03 GMT

Thank you,

I will do so in the future as during a mortgage application, I had to get an association statement to resolve the issue so right you are!! Thanks for the reply.

topic Where do I put rental expenses for HOA? Under "Cleaning &amp; Maintenance" (Line 7) or "Other" (Line 19) in Investors & landlords

Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

You can put this Homeowners Association expense under oth...

@TurboTaxDeeS In the past 2 years, when I used "Guided Me...

That is OK, too. I guess you can argue that HOA is consid...

Lenders now look for this on the tax return you might wan...

Put under "Management Fees" - Look me up for more help. -...

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other...

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

Re: Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19)

Re: Lenders now look for this on the tax return you might wan...

Re: Lenders now look for this on the tax return you might wan...

Re: Lenders now look for this on the tax return you might wan...

Re: Lenders now look for this on the tax return you might wan...

Re: You can put this Homeowners Association expense under oth...

Re: You can put this Homeowners Association expense under oth...

topic Where do I put rental expenses for HOA? Under "Cleaning & Maintenance" (Line 7) or "Other" (Line 19) in Investors & landlords