On September 20, 2010, a taxpayer places in service a certified historical structure that qualified for the
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On September 20, 2010, a taxpayer places in service a certified historical structure that qualified for the rehabilitation credit. If on May 5, 2014, the taxpayers sells the property, what percentage of the rehabilitation credit taken with respect to the property has to be recaptured?
a. 0%
b. 20%
c. 40%
d. 60%
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Related Book For
Essentials Of Federal Income Taxation For Individuals And Business
ISBN: 9780808038009
15th Edition
Authors: Linda M. Johnson
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