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New Member
posted Mar 5, 2022 12:09:04 PM

Can I deduct condo fees from a second home?

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1 Best answer
Expert Alumni
Mar 5, 2022 12:23:25 PM

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.

 

 

1 Replies
Expert Alumni
Mar 5, 2022 12:23:25 PM

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.