|Taxation of Homeowners' Association Profits -- Blank||<– Date –> <– Thread –>|
|From: Fred H Olson (fholsontcfreenet.org)|
|Date: Mon, 22 Apr 2002 17:19:02 -0600 (MDT)|
Joani Blank <joani [at] swansway.com> is the author of the April 15 message below. Sorry for the delay. It was posted by Fred the Cohousing-L list manager <fholson [at] cohousing.org> -------------------- FORWARDED MESSAGE FOLLOWS -------------------- Your homeowners' association undoubtedly pays both federal and state taxes on interest paid to you on your reserve account, and perhaps on at least part of your operating accounts. My question is here is, what other "profits" does your HOA pay taxes on, if any. In particular I'm curious about monies collected for use of your guest room(s), or fees you may charge to your residents or to non-resident individuals or groups for use of any of your commonly owned facilities or land. A member of our finance committee believes that we are liable for 30% Federal tax (and 9 percent California tax) on any such fees whether paid by a resident or a non-resident (guest). Joani Blank Swan's Market Cohousing Oakland, CA (please send your reply to the list with a copy to me: joani [at] swansway.com) _______________________________________________ Cohousing-L mailing list Cohousing-L [at] cohousing.org Unsubscribe and other info: http://www.communityforum.net/mailman/listinfo/cohousing-l
Taxation of Homeowners' Association Profits -- Blank Fred H Olson, April 22 2002
- Re: Taxation of Homeowners' Association Profits -- Blank Sharon Villines, April 22 2002
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