Dues and Subscriptions that you can Deduct

Friday, January 2, 2009
By Property Management Software

Homeowner Association dues, magazine subscriptions, and any other dues and fees that are necessary for managing investment activities can be written off in the year they are paid.

Generally, amounts paid or incurred for membership in clubs organized for pleasure, recreation, or any other social purpose are not deductible (country clubs, athletic clubs, hotel clubs, airline clubs, etc…).

The following organizations are not considered recreational, and club dues can be fully deductible as a business or trade expense:

•Boards of trade
•Business leagues
•Chambers of commerce
•Civic or public service organizations.
•Professional organizations (American Bar Association, etc)
•Real estate boards
•Trade associations

This blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies is brought to you by SimplifyEm Pay Rent Online and Property Management Software
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