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Do you know if anything needs to be filed with our 2020 Tax Return to show the sale of the vacant land? Or, do we wait until we file for 2021 to show the sale transactions for both properties? Or, do we need to file anything as long as we qualify for the home sale exclusion of the gain?
I sold a piece of subdivided land next to my primary residence in 2020. I would like to utilize the $250,000/$500,000 home sale exclusion which we do qualify for. We own and have occupied our home as our principal residence for the last 4 years. However, we won't be selling the primary...
We are prepping for our Annual Meeting and we have asked the community for volunteers to run for the Board Director (3) open positions. We want to prepare ballots ahead of time and determine if anyone wants to run. Elections will be held at the meeting per our CCRs. We have received no...
We have two bank accounts (checking - operating bills are paid from this account and savings - considered our reserve). Our budget this year will have approximately $2,000 that won't be used due to not spending any money for legal fees. We would like to use that $2,000 to assist with...
The only emergency powers the Board has are to enter on property if there is illness or potential danger to life or property in connection with maintenance or construction where the HOA is liable.
Amending Bylaws requires an "in person" meeting and a vote of 65% of the members with the quorum requirement. We will definitely work on that amendment for the future.
When I say some, I mean 2-3. The majority of the neighborhood can figure it out. In my opinion, these 2-3 can go to a neighbor's house who isn't worried about Covid and capable of joining online, then be part of the mtg that way.
The Board is tech savvy and fully prepared for everything virtual, however we have old school folks who will demand paper ballots because they struggle with technology. Some can't handle logging into to an an online meeting. Or even calling a conference call number and putting in the meeting code.
Bullhorn, brilliant! We do have members who think Covid is a hoax and they will purposely stand close to others, cough, etc. just to unnerve them and cause trouble.
We have 30 members (counted by household), ~40 attend the mtgs with their spouses. We have 10 members who will try to enforce the in person rule because they always want to cause conflict when they are in front of an audience (yelling disruptive behavior similar to a spoiled child's fit of...
We are required to hold our HOA Annual meeting by the end of September. The CC&Rs state that to meet quorum we need 60% of the members "in person" at the meeting. Due to Covid, we have many people who would rather have the meeting online and mail in ballots for our Board positions. Up to 40...
I was promoted! The President couldn't put up with these people anymore so we switched positions and he wants me to lead on everything now. It's the same HOA and angry group of people.
People have threatened to shoot us. This could get ugly. Thanks for responding.
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