Payments for homeowners' association fees

November 4, 2020

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Q. Are payments made for HOA fees reportable as rent on 1099-MISC, or are they considered non-employee compensation? This is for a location with retail and residential spaces where we own a unit. A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.) You're paying for the services which the HOA provides, so report on the Form…

Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
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