Homeownersassociation fees are not listed as a separate item, but you may enter adescription and an amount in Any Other Expenses section. Federal Taxes Wages & Income Rental Properties and Royalties - Follow the interview questions, you will arrive at your Rental Summary screen; You will be able to select Expenses and, after most common expenses and mortgage interest is entered, you can enter Any Other Expenses not listed previously (see pics.).

Solved

How do I deduct yearly homeowner association fees on my rental

Forum|Forum|7 years ago
June 1, 2019
2 replies
0 views

No text available

TurboTax Premier Online

Best answer by MargaretL

Homeowners association fees are not listed as a separate item, but you may enter a description and an amount in Any Other Expenses section.

Federal Taxes

Wages & Income

Rental Properties and Royalties - Follow the interview questions, you will arrive at your Rental Summary screen; You will be able to select Expenses and, after most common expenses and mortgage interest is entered, you can enter Any Other Expenses not listed previously (see pics.).

MargaretLAnswer

Employee

Homeowners association fees are not listed as a separate item, but you may enter a description and an amount in Any Other Expenses section.

Federal Taxes

Wages & Income

Rental Properties and Royalties - Follow the interview questions, you will arrive at your Rental Summary screen; You will be able to select Expenses and, after most common expenses and mortgage interest is entered, you can enter Any Other Expenses not listed previously (see pics.).

C

carynels

This is helpful reply. What if my homeowner association as a part of its dues payments, includes homeowner's insurance for fire, wind and damage to the exterior portions of my townhouse? For example, if the HOA property management firm has provided me with documentation that $800.00 of my $1,000.00 annual HOA dues pay for property insurance, is that an allowable tax deduction on my rental/investment property?

A

Anonymous_

Employee

@carynels wrote:

....is that an allowable tax deduction on my rental/investment property?

It would be allowable if the unit is a rental.

S

Scap

In addition to the HOA fees...what if the HOA requires homeowners to pay for a club membership. It is mandatory, like the HOA Fees. Can this mandatory club membership fee also be deductible if this is a rental property?