If you have to pay a major levy associated with HOA, is that capitalized or expensed for a rental? Levy is $20k.

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What did the 20k buy? Is it maintenance, repair, services? Or did you vote to add a pool? It matters.

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You would have to use the same decision process you do for any other rental expense, of wether it’s considered a repair or an improvement. My guess would be, most expenses that large are going to be considered an improvement, so you have to capitalize that and depreciate it

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HOAs are a scam

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