02-13-2018, 04:43 AM
From the article:
“Our condo is listed on the financial disclosure form, however it operates at a loss and doesn’t produce income in excess of $1,000,” Eoff told the newspaper Friday. “The Financial Disclosure Form asks for annual income in excess of $1,000 and therefore no income was reported.”
“‘Income’ means gross income defined by section 61 of the Internal Revenue Code of 1954,” according to the county code. The IRS code includes rents.
No comment necessary.
“Our condo is listed on the financial disclosure form, however it operates at a loss and doesn’t produce income in excess of $1,000,” Eoff told the newspaper Friday. “The Financial Disclosure Form asks for annual income in excess of $1,000 and therefore no income was reported.”
“‘Income’ means gross income defined by section 61 of the Internal Revenue Code of 1954,” according to the county code. The IRS code includes rents.
No comment necessary.