Is HOA special assessment deductible

Teeta · ‎February 23, 2025

Our HOA purchased a golf course and assessed each home owner 12,000 to pay for the loan the HOA took out to pay for the property. Is this tax deductible for the homeowner?

xmasbaby0

No. HOA dues or assessments are not deductible for your own home.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

MinhT1

No.

You cannot take a tax deduction for this HOA special assessment.

The golf course is supposed to add value to your property and the assessment can be added to the cost basis of your property.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Teeta

even though it a loan?

MindyB

No, this is not deductible. It doesn't sound like it's a loan, it sounds like a fee the HOA will be paying their loan off with. Either way, it is not deductible.

Expert does your taxes

Do it yourself

Resources

Support

Is HOA special assessment deductible