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Income Tax Credits (LO. 6) Lavinia owns an advertising agency. In February 2018, Lavinia purchases a building for $125,000. Lavinia spends S2 75,000 rehabilitating the

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Income Tax Credits (LO. 6) Lavinia owns an advertising agency. In February 2018, Lavinia purchases a building for $125,000. Lavinia spends S2 75,000 rehabilitating the building for use as her advertising agency office. The rehabilitation is completed in November 2018. a. To qualify for the historic structures credit, the depreciable building including residential real estate property and must be located in a registered historic district or listed on the National Register of Historic Places. must be certified by the Department of Treasury b. Assume Lavinia meets the qualification criteria. Also assume that the building qualifies for the credits. The total tax credits for 2018 is building is s and the basis of the Feedback Check My Work Check My Work Previous Next Chock My Work Save and Exit Submit Assignment for Grading 912 AM

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