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

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

Howard E. Abrams (Contact Author)

Harvard Law School

1575 Massachusetts
Hauser 406
Cambridge, MA 02138
United States

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