Cohousing-L Mailing List: Re: Renting out space in a common house/ providing classes in common space

> On Feb 21, 2025, at 4:53 PM, jpustell--- via Cohousing-L <cohousing-l [at] 
> cohousing.org> wrote:
> 
> One surprise issue is a tax one.  Last time I checked, Condominiums filing 
> tax form 1120H who get 20% of more of their income form non-members through 
> rental fees or other amounts paid by non-unit owners run the risk of having 
> to pay income taxes on those receipts.

Paying taxes is not a bad thing. It means you earned money. As far as I know, 
one never pays more taxes than one earns. The profit is still on your side.

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

Re: Renting out space in a common house/ providing classes in common space	<– Date –> <– Thread –>
From: Sharon Villines (sharonsharonvillines.com)
Date: Fri, 21 Feb 2025 14:07:15 -0800 (PST)