Treasury Regulations · 26 CFR
§ 1.528-5. Source of income test.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 528
Cite as 26 CFR § 1.528-5
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- April 18, 1980 by T.D. 7692
- Issued under
- 26 U.S.C. § 528
- Length
- 69 words · about 1 min to read
- Cross-references
- cites 1 Code section and 1 regulation; cited by 2
An organization cannot qualify as a homeowners association under section 528 for a taxable year unless 60 percent or more of its gross income for such taxable year is exempt function income as defined in § 1.528-9. The determiniation of whether an organization meets the provisions of this section shall be made after the close of the organization's taxable year.
[T.D. 7692, 45 FR 26322, Apr. 18, 1980]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Regulations it cites
Cited by 2 other regulations
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Issued by T.D. 7692 (45 FR 26322)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Homeowners Associations
Nearby sections
- § 1.528-1 Homeowners associations.
- § 1.528-2 Organized and operated to provide for the acquisition, construction, management, maintenance and care of association property.
- § 1.528-3 Association property.
- § 1.528-4 Substantiality test.
- § 1.528-5 Source of income test.
- § 1.528-6 Expenditure test.
- § 1.528-7 Inurement.
- § 1.528-8 Election to be treated as a homeowners association.
- § 1.528-9 Exempt function income.