Cohousing-L Mailing List: Re: Donations to/from HOA and Federal tax (was Re: HELP MAKE COHOUSING MORE AFFORDABLE)

[Diana Carroll (dianaecarroll]

On Fri, Nov 22, 2013 at 11:04 AM, R.P. Aditya <aditya [at] grot.org> wrote:

> If your HOA makes a donation to an IRS recognized (501c3 etc.)
> nonprofit, then the HOA should be able to deduct it.
>

Thanks, but my question was how.  Special rules apply to HOAs...if they
file a 1040H they only pay taxes on "non-exempt" income which does not
include condo fees...and can only deduct expenses which apply specifically
to that income.  Which...does or does not include donations?  So the
question of whether and how to deduct charitable donations is very specific
to Home Owners' Associations.

Diana