December 05, 2012

Church Renting Parsonage

Question:

A church would like to rent out its parsonage in order to raise money to repair its church building. What will be the consequences of doing this?
 
Answer:

A November 14, 2012 blog post applies directly to this situation.

Church Renting Building: Unrelated Business Income Tax

As in the November post, the church will have income or local property tax consequences to consider.

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