Title
3058-029-Final pass-AH04_Callison.indd
By
sur
Description
413 TAX TALK The Need to Consider Partnership Ownership Changes No Longer Exists for Acquisition Credits J. William Callison In order for a building in an affordable housing project to be eligible for acquisition credits, a period of ten years must have elapsed between the date of the building’s acquisition by the taxpayer and the date on which the building was last placed in service. When the building is acquiire from a partnership, the determination of the last placement in serviic historically...

Advertisement