@Hal_Al wrote:
All you're going to get is opinions. I'm of the opinion that it is not compensation and it is not taxable. It's a discount or reduced price. I think is a similar situation is where a college professor gets his (or his spouse and kids) tuition waived at his school. That's not taxable income to him.
Exactly, only opinions. However, it cannot be a discount or reduced price since this is not some sort of product or service that the board member purchased. Rather, it is the relief of an obligation that the board member owes to the association.
With respect to the college professor, the college professor has no obligation to pay the tuition for his spouse or child as does the board member who specifically agrees to pay association dues when that member purchases a unit governed by the association.
