In May 2009,Cindy incurred qualifying rehabilitation expenditures of $500,000 on a certified historic structure and properly claimed the tax credit for rehabilitation expenditures.In March 2013,she sold the building at a loss.Calculate the rehabilitation expenditures credit recapture that she must report in 2013.

Question

Quizplus · Accepted Answer

The Answer of In May 2009,Cindy incurred qualifying rehabilitation expenditures of $500,000 on a certified historic structure and properly claimed the tax credit for rehabilitation expenditures.In March 2013,she sold the building at a loss.Calculate the rehabilitation expenditures credit recapture that she must report in 2013.

In May 2009,Cindy Incurred Qualifying Rehabilitation Expenditures of $500,000 on a Certified