Are home owners association dues tax deductable?

Answer No, because they pay for a service, among other reasons.

Top Q&A For: Are home owners association dues tax deductable

Can a home owners association invoice you for dues that were due 5 months before closing on the home?

They should have collected this from the seller at closing. Usually the title company will contact the HOA to find out how much is due. The year's dues should be prorated according to what portion ... Read More »

How does a home owners association file a lien for unpaid dues in Oregon?

Best practices dictate that you work with you association-savvy attorney, who can review your governing documents and employ the guidelines there to verify that the board has completed all the nece... Read More »

Can a MN nonprofit Home Owners Association assess fines for late payment of dues?

Yes is the short answer. Read your governing documents -- and in this case, perhaps a Resolution crafted to collect assessments -- to understand both your obligation to pay your assessments and the... Read More »

Should a home owners association in Nevada deduct the monthly dues as income from a home that is in foreclosure in doing their budget?

In producing the association's budget, there is a certain amount of 'educated guessing' involved in determining what expenses and revenues will occur next year.Depending on the lender who apparentl... Read More »