Tax specialist. Can you and where do you deduct homeowners association dues?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • seaborneq
    SBR Posting Legend
    • 09-08-06
    • 22556

    #1
    Tax specialist. Can you and where do you deduct homeowners association dues?
    Let me know something. Thanks.
  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #2
    Seaberg I swear your going to get fukkin audited if youy listen to guys at sbr

    Seaberg call a fukkin tax guy man

    Best of luck tonight
    Comment
    • flyingillini
      SBR Aristocracy
      • 12-06-06
      • 41219

      #3
      Why are you even doing this yourself? You should have an accountant do all of this for you. SBR is the last place I would ever ask for any kind of advice. Good luck to you.
      המוסד‎
      המוסד למודיעין ולתפקידים מיוחדים‎
      Comment
      • wtt0315
        SBR Hall of Famer
        • 01-18-07
        • 8037

        #4
        no I do not think so I pay 499 a month and we have never deducted
        Comment
        • Jayvegas420
          BARRELED IN @ SBR!
          • 03-09-11
          • 28213

          #5
          Its the most wonderful time of the year
          Comment
          • seaborneq
            SBR Posting Legend
            • 09-08-06
            • 22556

            #6
            Originally posted by wtt0315
            no I do not think so I pay 499 a month and we have never deducted
            I didn't think you could, just wondering.
            Comment
            • seaborneq
              SBR Posting Legend
              • 09-08-06
              • 22556

              #7
              Originally posted by jjgold
              Seaberg I swear your going to get fukkin audited if youy listen to guys at sbr

              Seaberg call a fukkin tax guy man

              Best of luck tonight
              I didn't think about that JJ. I am sure the feds are on here trying to catch someone who doesn't pay on their gambling winnings.
              Comment
              • TankHankerous
                SBR MVP
                • 03-22-12
                • 2088

                #8
                No, you cannot get out of your obligation to chip in like every other tax payer. You use the services supplied by our government every single day and you have the nerve to try to pay less into it???

                Your kind make me sick. What ever happened to the America promised by Obama? What ever happened to predictablity? The milk man, the paperboy, evening t.v.?

                Comment
                • SparJMU
                  SBR MVP
                  • 02-18-10
                  • 1648

                  #9
                  I am a licensed CPA. You can not deduct homeowners association dues on your individual tax return. If it is an investment property, you can deduct homeowners fees just like you would any other expense.
                  Comment
                  • Jayvegas420
                    BARRELED IN @ SBR!
                    • 03-09-11
                    • 28213

                    #10
                    Question for the CPA.
                    Can you deduct gambling losses on your Amercan tax returns?
                    Is this why they can tax your winnings?
                    Comment
                    • dodger33
                      SBR MVP
                      • 08-14-09
                      • 3962

                      #11
                      Originally posted by SparJMU
                      I am a licensed CPA. You can not deduct homeowners association dues on your individual tax return. If it is an investment property, you can deduct homeowners fees just like you would any other expense.
                      Or if you have a home office
                      Comment
                      • flyingillini
                        SBR Aristocracy
                        • 12-06-06
                        • 41219

                        #12
                        Can you deduct losses from BTC? Most CPA's wouldn't know how to answer this. That's why I don't mind paying top dollar for the best.
                        המוסד‎
                        המוסד למודיעין ולתפקידים מיוחדים‎
                        Comment
                        • milwaukee mike
                          BARRELED IN @ SBR!
                          • 08-22-07
                          • 26914

                          #13
                          Originally posted by Jayvegas420
                          Question for the CPA.
                          Can you deduct gambling losses on your Amercan tax returns?
                          Is this why they can tax your winnings?
                          yeah you can deduct gambling losses but you have to itemize and you can only offset the winnings. crappy states like wisconsin don't let you deduct the losses so if you win $5000 and lose it right back you still owe wisconsin taxes of $300 or so.
                          Comment
                          • milwaukee mike
                            BARRELED IN @ SBR!
                            • 08-22-07
                            • 26914

                            #14
                            illini what's btc?
                            Comment
                            • seaborneq
                              SBR Posting Legend
                              • 09-08-06
                              • 22556

                              #15
                              Originally posted by SparJMU
                              I am a licensed CPA. You can not deduct homeowners association dues on your individual tax return. If it is an investment property, you can deduct homeowners fees just like you would any other expense.

                              thanks sparj. I can now efile my taxes. I didn't want to leave anything on the table.
                              Comment
                              • Kindred
                                SBR MVP
                                • 09-09-08
                                • 2901

                                #16
                                In pa you can on your state income taxes
                                Comment
                                • milwaukee mike
                                  BARRELED IN @ SBR!
                                  • 08-22-07
                                  • 26914

                                  #17
                                  Originally posted by Kindred
                                  In pa you can on your state income taxes
                                  really?

                                  just another reason wisconsin sucks for taxes. high income taxes, high real estate taxes, etc
                                  Comment
                                  • seaborneq
                                    SBR Posting Legend
                                    • 09-08-06
                                    • 22556

                                    #18
                                    Taxes done. Thanks for the tax advice.
                                    Comment
                                    • jarvol
                                      SBR Hall of Famer
                                      • 09-13-10
                                      • 6074

                                      #19
                                      Just finished mine on TaxAct again this year. Not bad at all. Import all info from previous year and change a few numbers and download the year's worth of stock trades into a csv file to upload and done in an hour max.
                                      Comment
                                      • seaborneq
                                        SBR Posting Legend
                                        • 09-08-06
                                        • 22556

                                        #20
                                        Originally posted by jarvol
                                        Just finished mine on TaxAct again this year. Not bad at all. Import all info from previous year and change a few numbers and download the year's worth of stock trades into a csv file to upload and done in an hour max.
                                        I used taxact myself. It's the best out there.
                                        Comment
                                        SBR Contests
                                        Collapse
                                        Top-Rated US Sportsbooks
                                        Collapse
                                        Working...