So NJ does not allow a deduction for HOA fees unless it's a rental.
On September 30, 2015 8:22:36 PM EDT, Cynthia Stephens
<cynthiastphns@xxxxxxxxx> wrote:
I searched C-IHC briefly and here is a link:
https://www.google.com/search?ie=UTF-8&oe=UTF-8&domains=c-ihc.org&q=Tax+deduction+hoa+fees&sa.x=12&sa.y=8&sitesearch=c-ihc.org&gws_rd=ssl
Some HOA fees may be deductible it appears if you have a home office,
or
all HOA fees may be deductible if it is a rental (business) property
exclusively.
On Wed, Sep 30, 2015 at 6:42 PM, Pikov Andropov <pikov22@xxxxxxxxx>
wrote:
?? Are you saying that C-IHC has information on deducting managementfees?
Thanks.
Cynthia Stephens wrote on 9/30/2015 11:14 AM:
NJ HOA advocacy is C-IHC.org
On Wed, Sep 30, 2015 at 1:56 AM, Pikov Andropov <pikov22@xxxxxxxxx
<mailto:pikov22@xxxxxxxxx>> wrote:
Cynthia Stephens wrote on 9/29/2015 10:20 PM:
> NJ is the only state I know of that allows all HOA/COA/POA
> owners to deduct their HOA fees from state taxes.
Really? The monthly management fee?
My accountant seems not to know this.
Thanks.
