I own a townhouse and pay $300.month ($3600 year) in home owner fees, are those a tax write off?
2007-03-22 10:07:57 · 7 answers · asked by Scottyboy 1 in Business & Finance ➔ Taxes ➔ United States
I live in California.
2007-03-22 10:09:36 · update #1
Hoa Fees Tax Deductible
2016-10-07 04:48:56 · answer #1 · answered by ? 4 · 0⤊ 0⤋
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RE:
Are HOA fees tax deductible? Can you write them off?
I own a townhouse and pay $300.month ($3600 year) in home owner fees, are those a tax write off?
2015-08-12 21:25:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Unless the property is a rental, you cannot write of the HOA fees on your tax return. This was one reason I bought a home in a neighborhood without HOA dues. It is basically the same as paying your own gardner, maintence etc on the home directly instead of to a management company.
2007-03-22 10:16:46 · answer #3 · answered by Jen 5 · 0⤊ 0⤋
I live in Georgia and I rent my property but I have no lease to prove it and all my mail goes to the property but I live with my boyfriend. Can I deduct HOA dues on my taxes
2016-01-31 04:08:22 · answer #4 · answered by Ivette 1 · 0⤊ 0⤋
HOA fees are deductible if you are leasing the property to someone, or if the HOA is paying real property taxes or interest with the funds.
2007-03-23 08:25:22 · answer #5 · answered by taxman 2 · 1⤊ 0⤋
Homeowners association fees are NOT deductible.
2007-03-22 10:34:00 · answer #6 · answered by Judy 7 · 4⤊ 0⤋
If the property is your primary or secondary residence, you can not deduct. However, if the property is a rental, you can deduct a portion.
2007-03-22 10:23:21 · answer #7 · answered by M1759 2 · 2⤊ 0⤋
NO. It is a personal expense and therefore non-deductible.
2007-03-23 05:29:48 · answer #8 · answered by bold4bs 4 · 0⤊ 0⤋
They are really a tax. If you don't pay them they put a lien on your property.
2017-01-06 20:16:31 · answer #9 · answered by Patrick B 1 · 0⤊ 0⤋
They SHOULD be deductible. Part of your "purchase".
2015-03-11 15:20:40 · answer #10 · answered by meldrone 2 · 1⤊ 0⤋