turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Oct 16 is the IRS deadline–file confidently with expert help. File Now
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

fefechama
New Member

Need answer on whether I can claim property tax expense on inherited property that I dont live in but my brother does. What about HOA fees?

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Our digital assistant can help you.
1 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

Need answer on whether I can claim property tax expense on inherited property that I dont live in but my brother does. What about HOA fees?

In order to take a deduction for either property taxes or mortgage interest, you must be both liable for the debt and pay the debt. If you own the property and are liable, then you can claim property taxes. HOA is not deductible on a personal residence, only on business property.

View solution in original post

1 Reply
Coleen3
Intuit Alumni

Need answer on whether I can claim property tax expense on inherited property that I dont live in but my brother does. What about HOA fees?

In order to take a deduction for either property taxes or mortgage interest, you must be both liable for the debt and pay the debt. If you own the property and are liable, then you can claim property taxes. HOA is not deductible on a personal residence, only on business property.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v