Question:
My condo association levied a $37,700 assessment to the home owners asking for up a
upfront payment or pay monthly on the condo association's loan. Those that went the
condo loan route signed liens and are paying principle and interest over the loan term
of 15 years. Can I deduct the interest from my taxes, since I do receive an annual
interest statement.
Learn more about condo association loans
Answers (0)
What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.