Record HOA fees
Use the HOA category and assign the fee to the correct property.
On this page
Choose HOA and the correct property
Open Expenses > Add expense and choose HOA under Account. Enter Amount, Date and Description, select Paid from, then choose the rental under Portfolio or property. Review the HOA statement before Save expense.
Keep the supporting statement
Attach the statement through Notes and receipt. If the charge is already imported or recorded, review that entry instead of adding another. Use Manage chart only if your bookkeeping needs a different category.
Check the result
- The recorded amount, category and scope match the supporting record.
FAQs
Do I need to create an HOA category first?
The current expense form already offers HOA. Review it before creating another category.
Does choosing HOA decide the tax treatment?
No. Keep the association statement and ask your preparer about the specific charge, including any special assessment.