Are condominium fees tax deductible?

Answer When you live in a condominium, you pay assessments which your board budgets each year to pay operational expenses for the community. These expenses are not typically tax deductible by an owner who... Read More »

Top Q&A For: Are condominium fees tax deductible

What are the average condominium association fees and maintenance fees in 33434?

There is no standard for association assessments, because those funds pay for operations of the property. Expenses may include master insurance coverage, landscape work, association management, uti... Read More »

Are Car Registration Fees Tax Deductible?

Annual car registration renewal fees combine the cost of multiple taxes and fees into one bill. If your car registration fee is a personal expense that you have to pay annually, you may be allowed ... Read More »

Are condo fees tax deductible?

Not usually. Your monthly assessments -- fees, you write -- pay to operate the community and save money for major repairs.

Are appraisal fees tax deductible?

The Internal Revenue Service does not allow you to deduct the cost of appraisal fees from your taxes. IRS topic 504 specifically states that appraisal fees cannot be included in the mortgage points... Read More »