In May 2013, Cindy incurred qualifying rehabilitation expenditures of $500,000 on a certified historic structure and properly claimed the tax credit for rehabilitation expenditures. In March 2017, she sold the building at a loss. Calculate the rehabilitation expenditures credit recapture that she must report in 2017.

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The Answer of In May 2013, Cindy incurred qualifying rehabilitation expenditures of $500,000 on a certified historic structure and properly claimed the tax credit for rehabilitation expenditures. In March 2017, she sold the building at a loss. Calculate the rehabilitation expenditures credit recapture that she must report in 2017.

In May 2013, Cindy Incurred Qualifying Rehabilitation Expenditures of $500,000