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 brokerage fees deductible?

On One Hand: On Taxable TradesYou can include the brokerage fees as part of the costs of your trade to avoid paying taxes on the gain. For example, if you pay a $10 commission to buy $1,000 of a st... Read More »

Are lawyer fees tax deductible?

On One Hand: No Deductions Without IncomeTaxpayers saddled with large attorney fees would love to get a little bit back in the form of a tax deduction. But unless you hired a lawyer to help you ear... 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.