recycling week / that pesky 80/20 rule for coops

 
(I am still in France; you are still in Manhattan LoftGuy’s week of recycling.)
 
I find myself frequently referringto this one from January 16 (IRSrules for coops / beware the 80/20 rule), as I keep running into coop loftlistings in buildings that either (a) had very smart lawyers whenthey started as coops, or (b) are skirting the IRS rules andflirting with fiscal danger.
 
While careful lawyers and savvyaccountants have to know about this stuff, all prospective coopbuyers should understand the issues. And recognize the redflags.
 
I will say it is more than a littledisappointing that agent listing descriptions are not more explicitabout these things. But that’s for another post, Iguess….
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