Deduction HOA fees

retiredff-selpilot — Fri, 12 Feb 2021 18:43:59 GMT

Can I deduct the HOA fees I paid each year now that the property has been sold?

Re: Deduction HOA fees

RayW7 — Fri, 12 Feb 2021 19:19:43 GMT

Unfortunately, homeowners' association (HOA) fees paid on your personal residence are not deductible

However, if you have an office in your home that you use in connection with a trade or business then you may be able to deduct a portion of the HOA fees that relate to that office.

If the home is a rental property then you can deduct the HOA fees as a rental expense.

TurboTax will help you determine the correct deduction.

topic Deduction HOA fees in Investing

Deduction HOA fees

Re: Deduction HOA fees