A good method to generate tax credits for high-income taxpayers is to purchase qualifying buildings for rehabilitation investment credit, renovate, and take either 10 percent or 20 percent of the renovation cost as a credit, then immediately sell the building and roll the proceeds from the sale into another renovation.

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The Answer of A good method to generate tax credits for high-income taxpayers is to purchase qualifying buildings for rehabilitation investment credit, renovate, and take either 10 percent or 20 percent of the renovation cost as a credit, then immediately sell the building and roll the proceeds from the sale into another renovation.

A Good Method to Generate Tax Credits for High-Income Taxpayers