How to Keep a Condo Association Tax-Free (NY)

Some condominiums with a mix of residential and commercial space do not qualify as a homeowners association under the tax code. This means that any budget surpluses may be taxed just as they are for a Fortune 500 company, even though your intent was not to generate a profit. In effect, you can wind up paying taxes on your own common charges.   Read the article……………………….

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