are hoa fees tax deductible in california
Common deductions include money spent on mortgage interest repairs and maintenance insurance property taxes travel lawn care losses from casualties floods hurricanes etc as well as HOA fees and condo or co-op maintenance fees. Youll also need to pay for home insurance private mortgage insurance if you didnt make a 20 down payment HOA fees potentially and ongoing maintenance for the home.
Are Hoa Fees Tax Deductible Clark Simson Miller
If net cash flow isnt positive after deducting expenses your rental income may even be tax free.
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