Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

For below market loans, can tax credits be spread out over several years instead of taken all at once in year 1?

April 26, 2017Loans market spread tax credits year

0

Posted

For below market loans, can tax credits be spread out over several years instead of taken all at once in year 1?

1 Answer

0

Posted

The community investment tax credit for qualified loans and qualified low-rate loans may be fully utilized in the year in which the credit originated or utilized over a period of years not to exceed 15 years after the tax year in which the credit originated.