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IRS Issues TAMs Regarding Eligible Basis

Friday, October 27, 2000 - 12:00PM

The Internal Revenue Service (IRS) has issued three Technical Advice Memorandums (TAMs) that outline the agency’s approach to characterizing eligible basis in low-income housing tax credit projects. The TAMs discuss the IRS’ position regarding cost categories such as land preparation, bond issuance, developer fees and rent up, among others. To access TAM 200043015, 200043016 and 200043017, click here.

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