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Is my condo association loan interest payment a tax break?


hoa loansMy 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.

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