Cohousing-L Mailing List: Re: Bequests to the HOA

[Lyn Deardorff (lynpeachtree]

I am looking for similar answers,too.

Thanks  for any insights and especially, if your community has had past 
experience with property bequests.
Lyn Deardorff
Sand River Cohousing
Santa  Fe,NM
lynpeachtree [at] hotmail.com



-----Original Message-----
From: Cohousing-L <cohousing-l-bounces+lynpeachtree=hotmail.com [at] 
cohousing.org> On Behalf Of Barbara Simkowski via Cohousing-L
Sent: Thursday, June 10, 2021 6:13 AM
To: cohousing-l [at] cohousing.org
Cc: Barbara Simkowski <barbara_simkowski [at] mac.com>
Subject: [C-L]_ Bequests to the HOA

How do other tax exempt (no income besides dues) Cohousing HOAs handle 
bequests? If someone leaves property in a will (their Cohousing home) how do 
you handle the tax obligations, the dues, and the tax on that windfall until 
the property is sold?

Sent from my iPhone
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