is condo fee deductible
Rental Condo. If you rent out your condo, you can deduct the portion of your condo fees that go toward maintaining common areas. For example, if your condo fees are used to maintain a tennis court and pool available to all residents, those costs are deductible as a rental expense.But if part of the fee goes toward improvements, like building a putting green on the grounds, that portion isn't deductible.f you work from home, you may be able to include a fraction of your condo fees as part of the home office deduction. To qualify, you must use a part of your condo regularly and exclusively as your principal place of business.