Cohousing-L Mailing List: Re: Deposits vs earned interest

[Mac Thomson (mac]

We did that at Heartwood and it worked very well.  We didn't  
thoroughly research it to determine whether it was completely  
legitimate in the eyes of the IRS, but we've never had any problem  
with it.

Cheers,
Mac

--
Mac Thomson

Heartwood Cohousing
Southwest Colorado
http://www.heartwoodcohousing.com


"Let us take men as they are, not as they ought to be."
    - Franz Schubert
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On Mar 11, 2009, at 4:16 AM, cohousing-l-request [at] cohousing.org wrote:

> Date: Wed, 11 Mar 2009 04:59:05 -0400
> From: Liz Ryan Cole <lizryancole [at] mac.com>
> Subject: [C-L]_ Deposits vs earned interest
> To: Cohousing-L <cohousing-l [at] cohousing.org>
> Message-ID: <527388B3-9920-41D4-95BE-C66E7F7644FE [at] mac.com>
> Content-Type: text/plain; charset=US-ASCII; delsp=yes; format=flowed
>
> > Some time ago I read that it is sometimes possible for people who
> > put money into a project "early" to treat that as a deposit that
> > can be computed into a lower total purchase price (rather than
> > having to earn taxable interest).  Can anyone point me to folks/
> > projects where that has been done?  Thanks.  liz
>
> Liz Ryan Cole
> Pinnacle Project
> Lyme, NH
> lizryancole [at] mac.com
> Home 802.785.4124