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Previous residence that had an yearly HOA fee filed Bankruptcy and each homeowner was accesses fees. Can I deduct this fee?

Previous residence that had an yearly HOA fee filed Bankruptcy and each homeowner was accesses fees. Can I deduct this fee?


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MinhT
Expert Alumni

Previous residence that had an yearly HOA fee filed Bankruptcy and each homeowner was accesses fees. Can I deduct this fee?

HOA fees for your residence are not deductible, even if they were assessed as a result of the HOA bankruptcy.

If these HOA fees were for a rental home, they are deductible as a rental expense.

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1 Reply
MinhT
Expert Alumni

Previous residence that had an yearly HOA fee filed Bankruptcy and each homeowner was accesses fees. Can I deduct this fee?

HOA fees for your residence are not deductible, even if they were assessed as a result of the HOA bankruptcy.

If these HOA fees were for a rental home, they are deductible as a rental expense.

**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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