Partnership Allocation of Selected Real Estate Tax Credits
Emory University School of Law
Emory Public Law Research Paper No. 7-26
Emory Law and Economics Research Paper No. 7-22
There is surprisingly little material available that speaks to the proper allocation of tax credits within a partnership. This paper seeks to fill that gap, discussing both the general rule applicable to the allocation of tax credits as well as the special rule applicable to the allocation of investment tax credits including the rehabilitation tax credit. In addition, the application of tax credit recapture is considered including partnership transactions that can trigger credit recapture.
Number of Pages in PDF File: 11
Keywords: tax, partnership tax, tax credits
JEL Classification: K34working papers series
Date posted: November 22, 2007 ; Last revised: June 19, 2012
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