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Can I deduct condo fees from a second home?

 
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AnnetteB6
Expert Alumni

Can I deduct condo fees from a second home?

If you are using the second home as a rental property, then condo fees can be considered a rental expense based on the time the property was used as a rental.

 

If the second home is used only for personal purposes, condo fees are a personal expense and are not deducted on your tax return.

 

 

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1 Reply
AnnetteB6
Expert Alumni

Can I deduct condo fees from a second home?

If you are using the second home as a rental property, then condo fees can be considered a rental expense based on the time the property was used as a rental.

 

If the second home is used only for personal purposes, condo fees are a personal expense and are not deducted on your tax return.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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