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.

I

posted

1 Reply

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.

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.

©1997-2024 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.