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5/16/2016 3:01:49 PM
 
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Section 5: OPA Board Subject: Tax Status Msg# 949734
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In addition, I believe the same reasoning would apply to golf and other amenities if they were actually profitable and if the public was excluded from them.
You may be correct. However, I have not seen any factual information to that effect. If what you say is correct, then why didn't the IRS also look at the Beach Club itself in addition to the parking? |
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For reference, the above message is a reply to a message where: Joe I believe it was treated as unrelated business income. In addition, I believe the same reasoning would apply to golf and other amenities if they were actually profitable and if the public was excluded from them. Jeff |
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