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IRS Rules on PLR

Monday, August 21, 2000 - 1:45AM

The Internal Revenue Service (IRS) has ruled to waive the 10-year holding period requirement in a partnership’s acquisition of a project, according to an Aug. 18 private letter ruling (PLR). The IRS ruled that the buildings in the project were both federally-funded and at risk. To access PLR 200033017, click here.

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