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Are HOA fees tax-deductible on my personal residence? Startad av maria Mehra · 0 Svar
Postad: 1 Y
Are Hoa Fees Tax Deductible, no, the fees which are bound to come with the ownership of a house in the neighborhood of an HOA are not tax-deductible if it is your personal house. To the average homeowner, these fees represent personal expenditure and cannot be used to claim a tax relief. But there may be some discrepancies if a part of your house is also used for business activities. For instance, let’s assume that part of the property contains a home office, and the property is under the HOA rules, a part of the fees incurred on the office is possibly deductible. For precise information always refer to the current IRS rules/statutes or seek the advice of a tax attorney.
