Condo fees would be classified as Management and administrative fees in the Rental Expenses section.
If you are using a TurboTax Online product, please follow the steps below to enter the Tax credit for condo fees
- Sign in to your TurboTax Online account.
- Click on the find icon at the top-right corner of the page.
- Please type and select the option titled Rental Summary and click " Go".
- Click on Enter New rental income for (Client`s name) or you can click on edit on the current rental summary.
- After that skip Real Estate Rentals Statement and on next page (Rental profile) select rental expenses and click continue at the bottom
- Then on the Next page (T776 Rental Expenses) you will see management and administrative fees at the bottom of the section. you will mention that condo fees here.
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