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P
peggyhfoley
March 6, 2025
Question

I had to pay an assessment for a new roof that my HOA required. Is this tax deductible? $14,500

  • March 6, 2025
  • 1 reply
  • 0 views
Each homeowner had to pay $14,500.

1 reply

T
ThomasM125
March 6, 2025

It is not tax deductible in the year you pay for it, but you can add it to the cost of your house should you sell the house, thereby reducing a potential taxable gain upon sale of the house. 

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