Question

HOA certification Fee...is this a maintenance expense?

Hi!

I learned from TurboTax that, as a landlord, I should list my HOA fees as a maintenance expense.

I noticed that, on my closing costs when I purchased the home in 2021, it says "HOA certification handling fee"

My question is if I can include this $300ish fee as part of the sum of my HOA payments for 2021?

Thanks!

No, the HOA certification handling fee would be added to the basis of the home. It is not deductible as an expense.

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