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question iconWe are trying to make sure we don’t loose our Non profit status and we had been putting part of the assessments away in CD’s for years saving for a new runway. We moved it to an investment portolio and have made a good profit which we are paying taxes on….but when we cash out in a couple years we may have about 100,000 dollars in profit; will that negate our status as a non profit? We are interested in setting up a meeting to be sure.
answer icon

You should schedule a case assessment with our Tax Attorney Lucas Frei. Some facts need to be fleshed out about your HOA and it's non-profit status as well as the investment in order to advice you on the best course of action.


The foregoing information is general information only and should not be relied upon to take, or fail to take, legal action. No attorney-client relationship is formed by this information. __The only manner to obtain complete and adequate legal advice is to consult with an attorney.__
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Bill Henry
OtherAug 20, 2019
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