In May 2007,Alma incurred qualifying rehabilitation expenditures of $400,000 on a certified historic structure and properly claimed the tax credit for rehabilitation expenditures.In March 2011,she sold the building at a loss.Calculate the rehabilitation expenditures credit recapture that she must report in 2011.

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The Answer of In May 2007,Alma incurred qualifying rehabilitation expenditures of $400,000 on a certified historic structure and properly claimed the tax credit for rehabilitation expenditures.In March 2011,she sold the building at a loss.Calculate the rehabilitation expenditures credit recapture that she must report in 2011.

In May 2007,Alma Incurred Qualifying Rehabilitation Expenditures of $400,000 on a Certified