I own a lot inside a subdivision. The lot is vacant. Can I deduct the home owners association fee?

laracurzioe · ‎June 1, 2019

Kat · ‎June 1, 2019

Sorry, but no. HOA fees are not tax deductible on personal property. HOA fees are only deductible if you own rental real estate and these fees are part of the expenses for the rental property.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

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Kat · ‎June 1, 2019

Sorry, but no. HOA fees are not tax deductible on personal property. HOA fees are only deductible if you own rental real estate and these fees are part of the expenses for the rental property.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

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I own a lot inside a subdivision. The lot is vacant. Can I deduct the home owners association fee?