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Updated about 9 years ago on . Most recent reply

User Stats

386
Posts
151
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Mike Landry
  • Investor
  • Montgomery, TX
151
Votes |
386
Posts

quick tax question on HOA dues

Mike Landry
  • Investor
  • Montgomery, TX
Posted

quick tax question for you guys.  I'm trying to get organized for tax season.  

Are Annual HOA dues deductible in the year they are paid or the year they cover?

example:  I just paid the 2016 hoa dues on the property on Dec 15, 2015.  Do I deduct that in 2015 or 2016.  

thanks!

Most Popular Reply

User Stats

1,750
Posts
879
Votes
Matt Motil
  • Rental Property Investor
  • Cleveland, OH
879
Votes |
1,750
Posts
Matt Motil
  • Rental Property Investor
  • Cleveland, OH
Replied

yep, when you choose a method it's like getting married to it... except you can divorce your wife if you decide it was the wrong move. 

You're probably making it harder than it needs to be. I'd recommend you talk with @Brandon Hall. He handles all my accounting for my businesses and he's awesome. Highly recommend him. 

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