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- Title
Tax Credit Transactions Corner.
- Authors
Callison, J. William
- Abstract
The article offers information on allocation of low-income housing tax credit (LIHTC) transactions in nonrecourse debt as attributable losses to depreciation deductions. Topics discussed include rule of economic effect on allocation requirement recourse deduction, safe-harbor test by regulations to deem the allocation as per partners' interests and impact of provision on nonrecourse debt as it provides a member having personal liability in certain circumstances.
- Subjects
LOW-income housing; NONRECOURSE debt; INCOME tax deductions; PERSONAL liability; SAFE harbor; TAXATION
- Publication
Journal of Passthrough Entities, 2015, Vol 18, Issue 2, p47
- ISSN
1099-7407
- Publication type
Article