---
title: Is condo association social fundraising a taxable event?
description: We want to raise money for our condo association.  Is this a taxable event where it will be income?
---

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# Is condo association social fundraising a taxable event?

| [Budgets & Finance](https://www.condoassociation.com/blog/topic/budgets-finance) |  

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## What do you think? Question:

Our Florida [condo association](https://www.condoassociation.com/CondoAssociation/tabid/83434/Default.aspx) is seeking to raise finances for Social purposes (raffles, 50/50 etc). Are there restrictions on what or how these are operated? And, are we likely to attract tax (local or Federal) on such income? Finally, donations, whether cash or goods for social purposes (such as benches or special plantings). Are these considered "income" even if specified for use ONLY for social usage?

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## What do you think? Answers (2)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

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