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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034914
3 Replies
msharma7
Returning Member
Apr 30, 2024 7:16:37 AM
Yes occupancy fees are tax deductible for a property you are using to generate rental income.
kanikabangia
New Member
Apr 30, 2024 9:49:15 AM
Ok. Thank you. What happens when the property is not rented. Can occupancy fees be claimed as an expense?
TurboTaxSusan
Moderator
Apr 30, 2024 4:52:50 PM
No, not if you are not using the property to earn income.