Partnership Can't Avoid Recapture for Project That Never Qualified for Tax Credits

摘要

A partnership can't avoid the recapture of low-income housing tax credits for a project that never qualified for them initially by arguing that no reduction in qualified basis occurred, the U.S. Tax Court ruled. (Bentley Court II Limited Partnership v. Commissioner, T.C. Memo 2006-11, May 31, 2006)