I own and live in a condo and pay a monthly condo fee to property management company. Are condo fees deductible? If so then where in turbo tax can i add it?

Just to be clear i do not rent out my condo to anyone..its where i live. I've seen answers mention condo fees go under "Management Fee" but i gather that applies to those renting out their condos to others (for rental income). That is not the case for me.

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1 Best answer

Level 15

Oct 30, 2019 6:36:49 PM

Unfortunately not, the condo fees that you pay for your condo are not deductible.

Level 15

Oct 30, 2019 6:36:49 PM

Unfortunately not, the condo fees that you pay for your condo are not deductible.

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I own and live in a condo and pay a monthly condo fee to property management company. Are condo fees deductible? If so then where in turbo tax can i add it?