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5/16/2016 10:22:20 AM
 
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Section 5: OPA Board Subject: Tax Status Msg# 949675
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This doesn't seem to be a scenario we have had to worry about except with the Ocean club parking cash cow.
The Beach Club itself and marinas tend to turn a small net profit. |
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For reference, the above message is a reply to a message where: Jeff, Thanks for the answer, it's one of the reasons I have enjoyed stalking the forum because I get pertinant information from people more knowledgeable than myself. So anytime we do not allow public access to some activity and if that operation is profitable we might have a tax liability. This doesn't seem to be a scenario we have had to worry about except with the Ocean club parking cash cow. Tom |
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