Cohousing-L Mailing List: Re: Solution for tax credits

[Main Email (zabaldo]

Just like Cornerstone in Cambridge Massachusetts, we did something very similar 
here at Takomavillage in Washington DC. 

I remember getting two years worth of tax deductions.   I don’t remember the 
paperwork. That may have been coordinated by a team of people. Obviously I had 
to submit some thing to the tax preparer so there must’ve been some paperwork I 
just don’t remember it being an egregious difficulty. 

Ann Zabaldo
Takoma Village Cohousing
Washington DC

Sent from my iPhone
All tiipos ... curtesy of Siri  :-)

> On Aug 14, 2022, at 7:34 AM, Sue Donaldson <susalson [at] gmail.com> wrote:
> 
> We did this at Cornerstone Coho in Cambridge, MA.  If the HOA buys the
> system, each member gets a tax credit according to their percent interest.
> It's a chore to get everyone to apply for the credit, and then to collect
> the amount of the credit everyone got; and some people didn't have
> sufficient income to get the whole credit, so we so it wasn't 100%, but it
> worked pretty well.  The tax credits can roll over to subsequent years if
> income isn't sufficient to benefit in one year.
> 
> Sue Donaldson
> (now at) Village HIll Cohousing, Northampton, MA
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