My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
Yes, I believe you are exempt. I think that is a federal law. Check with a website like the IRS or State of MI.
Former resident of MI
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