Cohousing-L Mailing List: Re: Transfer fee question

[Sharon Villines (sharon]

On Jan 28, 2022, at 5:35 PM, Mariana Almeida <missmgrrl [at] yahoo.com> wrote:
> 
> This is interesting! What entity is the departing owner donating to? The HOA? 
> Something else? We've received advise (in Calif) that an HOA may not receive 
> gifts or donations. 

It goes to the Association. We call it a “donation" but it isn’t in the sense 
of a 501c3 tax-deductible donation. “Donation” is a tricky word but I suspect 
that the 501c3 status is what the laws would be addressing.

My assumption is that in terms of taxes, we put it in the same category as 
condo fees. I can find out if it helps.

Sharon
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Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org