Some (or all) of the tax credit for rehabilitation expenditures will have to be recaptured if the rehabilitated property is disposed of prematurely or if it ceases to be qualifying property.

Question

Quizplus · Accepted Answer

This statement is true. The tax credit for rehabilitation expenditures is subject to recapture if the property is disposed of prematurely or no longer qualifies for the credit.

Some (Or All) of the Tax Credit for Rehabilitation Expenditures