Can I deduct apartment owners association dues?
If yes then what expense category should I use?
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It depends. If you are renting out an apartment you own, then you can deduct these fees as a rental expense under miscellaneous expenses. However, if you live in this apartment where you are assessed association dues, there is no deduction for such personal expenses.
In the case where you own the apartments that are rented, your expense for apartment owner association dues will be reported on Schedule E.
If you pay a single amount that covers multiple units entered individually in your return, divide the amount among the units and deduct that unit's portion as an expense.
Use these steps to go to the rental income and expenses section of your return:
As you enter your expense information there will be a miscellaneous expense section where you can enter your own description and amount for the expense.
It depends. If you are renting out an apartment you own, then you can deduct these fees as a rental expense under miscellaneous expenses. However, if you live in this apartment where you are assessed association dues, there is no deduction for such personal expenses.
Thanks DianeW777,
Yes, I rent apartments I own.
In the case where you own the apartments that are rented, your expense for apartment owner association dues will be reported on Schedule E.
If you pay a single amount that covers multiple units entered individually in your return, divide the amount among the units and deduct that unit's portion as an expense.
Use these steps to go to the rental income and expenses section of your return:
As you enter your expense information there will be a miscellaneous expense section where you can enter your own description and amount for the expense.
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