This has already be researched.... http://www.irs.gov/pub/irs-pdf/p1828.pdf
Page 17 Section Rental Income: "Generally, income derived from the rental of real property and incidental personal property is excluded from unrelated business income." It goes on to state HOW it would not qualify. (if there is a mortgage, if personal services are rendered, if a parking lot is charged) I thought that this might not relate to us as this doc is targeted for religious orgs. So I called the IRS before and they stated that this is for ALL 501(c)(3) orgs. On Wed, Mar 5, 2014 at 9:03 AM, Devin Wolfe <[email protected]> wrote: > Can you please provide your source? > > Thanks, > Devin > > Sent with AquaMail for Android > http://www.aqua-mail.com > > > > On March 5, 2014 8:55:49 AM Torrie Fischer <[email protected]> > wrote: > > I'm wearing my treasurer hat for this. >> >> After some digging around, I've come to the conclusion that leasing out >> this space is incredibly likely to be considered a violation of our 501c3 >> status as it is unrelated income. That $100/mo will need to be taxed and >> somehow proven that leasing out our space to non-hacking purposes will >> further our mission of providing infrastructure to creative people. >> >> I'm not cashing any checks that arrive. >> _______________________________________________ >> Discuss mailing list >> [email protected] >> https://synhak.org/mailman/listinfo/discuss >> > > > _______________________________________________ > Discuss mailing list > [email protected] > https://synhak.org/mailman/listinfo/discuss >
_______________________________________________ Discuss mailing list [email protected] https://synhak.org/mailman/listinfo/discuss
