---
title: Is my condo association loan interest payment a tax break?
description: I am paying my share of our condo association loans. Are my interest payments tax deductible?
image: https://www.condoassociation.com/hs-fs/file-13172801-jpg/images/hoa_loans1-resized-600.jpg
---

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# Is my condo association loan interest payment a tax break?

| [Budgets & Finance](https://www.condoassociation.com/blog/topic/budgets-finance) |   [Condo Association Loans](https://www.condoassociation.com/blog/topic/condo-association-loans) |  

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## What do you think? Question:

![hoa loans](https://www.condoassociation.com/hs-fs/file-13172801-jpg/images/hoa_loans1-resized-600.jpg)My [condo association](https://www.condoassociation.com/CondoAssociation/tabid/83434/Default.aspx) levied a $37,700 [assessment](https://www.condoassociation.com/blog/tabid/19257/bid/1504/Condo-Associations-Stay-out-of-the-Assessment-Zone.aspx) 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 ](https://www.condoassociation.com/condo-association-loans/tabid/81563/Default.aspx)

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## What do you think? Answers (0)

#### What are your thoughts on this topic?

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