Q&A

Form 1023 Number 11

Hello! In the process of completing my 1023. Part VIII asks if we will accept contributions of real property. The start up package says to check "no" here. However, we hold an auction in which we accept contributions. Wouldn't this be "real property"? The 1023 instructions give no guidance. Thanks!
- eaglesnestps

It's OK to answer no. "Real property" refers (in a broad sense) to real estate.
- Craig
Links in this post:

I agree with Craig. This is what our CPA told us as well.
- big5
Links in this post: