Condo Q&A

How should Condo Association Board fees be handled through taxes?

Written by stephen polinsky | Fri, Jan 2, 2015 @ 01:00 PM

Hello, I’m a member of a Maryland Condo Association.

My question is this.  If a Condo Association pays a Board member who is the Treasurer $1,000 per month, should a 1099 tax form then be sent to the Treasurer?