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Submitted 337 days ago...

LENNYI

LENNYI

New User (1)

Are association fees deductable for home owners

I pay association fees in the subdivion in which I live. Are these fees tax deductable?

 
 
 
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Submitted 317 days ago...

Jodi-Mesa

Jodi-Mesa

Brain (2,795)

No, only interest in deductible. See page 3:

http://www.irs.gov/pub/irs-pdf/p530.pdf

"Homeowners association assessments. You cannot deduct these assessments because the HOA rather than a state or local government imposes them"

 
 

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