Homeowner Association dues, magazine subscriptions, and any other dues and fees that are necessary for managing investment activities can be written off in the year they are paid.
Generally, amounts paid or incurred for membership in clubs organized for pleasure, recreation, or any other social purpose are not deductible (country clubs, athletic clubs, hotel clubs, airline clubs, etc…).
The following organizations are not considered recreational, and club dues can be fully deductible as a business or trade expense:
•Boards of trade
•Chambers of commerce
•Civic or public service organizations.
•Professional organizations (American Bar Association, etc)
•Real estate boards