Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are churches subject to capital gains tax rules?

April 26, 2017capital gains churches rules Subject tax

0

Posted

Are churches subject to capital gains tax rules?

1 Answer

0

Posted

Answer Laura, Thanks for your question. Churches are subject to tax on their “unrelated business income.” However, since the church is just selling a piece of property incidentally, it is not considered to be in business. The sale would not be subject to tax. Hope this helps.