Parking Lot Revenue Taxable For Community Organization

Tax Court says members-only beach club parking is not open to community and therefore unrelated

A 501(c)(4) community association is subject to unrelated business income tax on revenue from the parking lot at a members-only beach club owned by the Association, the Tax Court has held. (Ocean Pines Association v. Commissioner, T.C. 5127-08, 8/30/10.)

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Parking Lot Revenue Taxable For Community Organization

Parking Lot Revenue Taxable For Community Organization