I am paying "Occupancy Fees" charges and have rented the unit. Question - is occupancy fees that I am paying to the builder tax deductible expense despite getting rent.
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015329
1 Replies
TurboTaxSusan
Moderator
Apr 30, 2024 4:52:50 PM
Yes, if you are renting out the property. If you are not using the property to earn income, then you can't claim "Occupancy Fees" as an expense.