Are homeowners association fees for my rental condo deductible?
You can deduct homeowners association fees as a rental expense, to the extent of your rental income. However, when the fee covers a special assessment for improvements, it might not be a deductible expense. You might be able to recover your share of the cost of any improvement by taking depreciation.
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This advice is for general information purposes only and may not apply to you. Every tax situation is different. This is not intended to be legal advice. Taxpayers should consult an H&R Block Tax Professional regarding their individual tax situation.