2007-12-07 11:11:39 · 5 answers · asked by Tim M 1 in Business & Finance ➔ Taxes ➔ United States
Not sure what you mean by "fees". But interest paid on your loan is tax deductible, as are any property taxes.
2007-12-07 11:16:11 · answer #1 · answered by Angie 6 · 0⤊ 0⤋
If you are talking about the maintenance fee you pay monthly to your co-op association, the fees might be deductible. Usually, you will receive a statement from your co-op association showing how much association fees you have paid in a year. Also, the statement shows you how much of your fees were paid for real estate taxes and mortgage interests.
The portion of your fees paid for real estate taxes and mortgage interests are DEDUCTIBLE on your Schedule A, Itemized Deductions.
2007-12-07 11:34:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Homeowners association fees? No they aren't.
2007-12-07 19:04:46 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
If you are talking about association fees, no.
2007-12-07 11:16:47 · answer #4 · answered by Gem 7 · 3⤊ 0⤋
No. Wish they were. Only property taxes.
2007-12-07 11:26:30 · answer #5 · answered by Chief70 2 · 0⤊ 0⤋