Payments for homeowners' association fees
November 4, 2020
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.
(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…