Internal Revenue Service May 22, 2020 – Federal Register Recent Federal Regulation Documents

Rehabilitation Credit Allocated Over a 5-Year Period
Document Number: 2020-09879
Type: Proposed Rule
Date: 2020-05-22
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations concerning the rehabilitation credit, including rules to coordinate the new 5-year period over which the credit may be claimed with other special rules for investment credit property. These proposed regulations affect taxpayers that claim the rehabilitation credit.