Rental property HOA fees
If you own a condo, townhouse, or home in an HOA community and rent it out, the HOA dues are a deductible rental expense. This includes:
- Monthly or quarterly HOA dues
- Special assessments for common area repairs
- Master insurance premiums included in HOA fees
Deduct them on Schedule E, Line 7 (Other) or as part of your management and operating expenses.
Primary residence HOA fees
HOA fees on your personal home are a personal expense and not deductible. Period. Even if the fees cover things like landscaping or insurance that might otherwise be deductible on a rental, they're personal when it's your home.
Home office exception
If you have a qualifying home office and pay HOA fees on your residence, you can deduct the business-use percentage of your HOA fees as part of the home office deduction (regular method only, not simplified). If your office is 10% of your home, deduct 10% of your HOA fees.
See IRS Publication 527 (Residential Rental Property) for rental expense deductions. Home office: IRS Publication 587.
Track rental expenses by property
Hivebooks lets you create separate entities for each rental property and track HOA fees, repairs, and income per property.
Try Hivebooks Free →