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Does a church have to pay capital gains tax on a rental

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house when and if that...
does a church have to pay capital gains tax on a rental house when and if that house is sold in California?
Submitted: 2 years ago.Category: Tax
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6/15/2015
Tax Professional: ShawnA, CPA, Professor, CFP. CGMA, Business Consultant, Professor, PFS I have decades of experience answering these questions. replied 2 years ago
ShawnA
ShawnA, CPA, Professor, CFP. CGMA, Business Consultant, Professor, PFS I have decades of experience answering these questions.
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Experience: CPA, Professor, CFP. CGMA, Business Consultant, Professor, PFS I have decades of experience answering these questions.
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Houses of worship in the United States — from churches and temples to mosques and synagogues — are considered tax-exempt entities by the federal government.
That means they do not.
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Tax Professional: emc011075, Tax adviser replied 2 years ago
emc011075
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Another expert here. Under some circumstances, church might have to pay capital gains on sale of real property, even though the church is has "tax exempt" status under section 501. You can read more about it here: http://www.religiousproductnews.com/articles/2007-September/Archives/Selling-Debt-Financed-Property-Special-Tax-Rule-Catches-Some-Churches-by-Surprise.htm
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