kiprpic[at]yahoo.com wrote:

- quote -

It depends on what the nonprofit's tax exempt purpose is and
how it is using the property to earn money.

In general "nonprofit" doesn't mean that it's not allowed to
earn more money than it spends. It's just that any profit
goes to its exempt purpose rather than to shareholders.

Stu

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

If a non-profit leases a property and earns more on
the lease than the carrying costs, is the non-profit
subject to taxation on that property?

Thank you.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >