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

[Ann Zabaldo (zabaldo]

O Sharono — you are so right.  One never pays more in taxes than what they’ve 
earned.   

Earning money is not a four letter word.  

It’s not … :-)

Best —

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Ex. Dir. & Mbr. Board of Directors
Mid Atlantic Cohousing
Principal, Cohousing Collaborative, LLC
Falls Church, VA
202.546.4654
zabaldo [at] earthlink.net

People can be divided into two groups:  those who think they are right.


NOTE:  Please use zabaldo [at] earthlink.net for email.

> On Feb 21, 2025, at 5:06 PM, Sharon Villines via Cohousing-L <cohousing-l 
> [at] cohousing.org> wrote:
> 
>> 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
> 
> 
> 
> 
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