Taxes on 528 HOA additional income

Started by SteveP10 • 0 replies • 2546 views

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SteveP10 (Oregon)
Posts: 1

Posted:

How are taxes calculated under 528 rules when you aquire another asset such as a golf course. The golf course is an asset to our community, but has not showed profit in over 10 year. It would generate revenue in excess of the 528 60% rule, but no profit. Is the income that is not profit create a tax burden and if so is there a solution to high taxes?

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