Are Condo Association maintenance fees tax deductible?

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Are Condo Association maintenance fees tax deductible?

2007-02-08 08:13:11 · 3 answers · asked by John W 3 in Business & Finance ➔ Taxes ➔ United States

3 answers

Sorry, but no.

2007-02-08 08:16:25 · answer #1 · answered by Susan S 2 · 0⤊ 1⤋

If the condo is your personal residence, the fees for repair and maintenance of the common areas are not deductible. If the condo is a business property, the fees may be deductible in full or part depending on the business use of the property.

2016-05-23 22:15:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Not unless the Condo is rental property.

2007-02-08 11:42:24 · answer #3 · answered by beached42 4 · 0⤊ 1⤋