Form 8825 and HOA Fees


J

JJ

All:

This is my first time filling out Form 8825 for a rental condo that I own.
Anyway, my question is: Can you subtract out the HOA fees on this form or
any form for that matter? Seems like it would be an expense.

Thanks,

JJ
 
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G

Gene E. Utterback, EA, RFC, ABA

JJ said:
All:

This is my first time filling out Form 8825 for a rental condo that I own.
Anyway, my question is: Can you subtract out the HOA fees on this form or
any form for that matter? Seems like it would be an expense.

Thanks,

JJ
Form 8825 is where you report rental real estate activity for either a
partnership or an S Corporation. Why would you be using this form? Are you
filing a corporate or partnership return?

If you are filing a corporate or partnership return and you can't answer
this questions you in way over your head and I would strongly urge you to
get professional help.

Assuming everything else is kosher, HOA fees are usually deductible on the
rental scheduled.

Gene E. Utterback, EA, RFC, ABA
 

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