can a residential renter deduct the property taxes and hoa fees he pays directly to the tax agency and hoa

In Leasing Property - Asked by Sharon G. - Mar 20, 2016
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Answer(s)

Mindy H.
Broker/Agent
NOCITY, CA

Costs you incur to place the property in service, manage it and maintain it generally are deductible. Even if your rental property is temporarily vacant, the expenses are still deductible while the property is vacant and held out for rent.

Mar 22, 2016
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Chris R.
Broker/Agent
Denton, TX

If the question is can a tenant deduct the property taxes and HOA fees he might pay directly to the tax agency and HOA - likely not since he is not the owner. This would be a question for your CPA. Such expenses would be deductible by the owner as an expense of the investment property but typically would not be able to be deducted any more than rent can be deducted by a tenant.

Mar 22, 2016
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Francis L.
Broker/Agent
Santa Clarita, CA

The the tenant paying the rent, it's just that...rent. To the landlord receiving the rent, it's potential taxable income. Where the landlord disburses their income, determines their expenses out of the gross income received. Including where the landlord pays their taxes and other expenses. The property owner gets the tax deduction on their real property. The tenant does not own the real property and has no tax expense.
I'm not a CPA or tax professional. This is my opinion only. Please consult your tax professional for any and all tax advice.

Mar 23, 2016
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Vricia S.
Broker/Agent
Bakersfield, CA

It would be best if you consult your tax professional for any and all tax advice.

Mar 24, 2016
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