Discussion Archives:Do California LLC gross receipts include CAM costs?

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Advanced Tax Questions --> Do California LLC gross receipts include CAM costs?


Discussion Forum Index --> Tax Questions --> Do California LLC gross receipts include CAM costs?

Taxrace (talk|edits) said:

18 April 2011
IRC Reg. 1.61-8(c) provides that expenditures of a lessee are additional rental income for the lessor, specifically CAM (common area maintenance costs). I know that these expenditures are included in California LLC gross receipts. I'm looking for authority. As I recall there was a court decision, which I have not yet had the time to research. Does anyone of any citation or authority?
Personal tools