Partnership Allocation of Selected Real Estate Tax Credits
11 Pages Posted: 22 Nov 2007 Last revised: 19 Jun 2012
Date Written: 2007
Abstract
There is surprisingly little material available that speaks to the proper allocation of tax credits within a partnership. This paper seeks to fill that gap, discussing both the general rule applicable to the allocation of tax credits as well as the special rule applicable to the allocation of investment tax credits including the rehabilitation tax credit. In addition, the application of tax credit recapture is considered including partnership transactions that can trigger credit recapture.
Keywords: tax, partnership tax, tax credits
JEL Classification: K34
Suggested Citation: Suggested Citation
Abrams, Howard E., Partnership Allocation of Selected Real Estate Tax Credits (2007). Emory Public Law Research Paper No. 7-26, Emory Law and Economics Research Paper No. 7-22, Available at SSRN: https://ssrn.com/abstract=1031765 or http://dx.doi.org/10.2139/ssrn.1031765
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