New Markets Credit
Response to the following :
1. a. What types of investments are eligible for the new markets credit?
b. How is the new markets credit computed, and to which years is it available?
2. New Markets Credit
On January 1, 2013, a taxpayer paid $350,000 for an investment in a qualified community development equity (CDE).
a. Calculate the taxpayer's new markets credit for 2013-2016.
b. Describe what happens if on February 10, 2017, the taxpayer's investment no longer qualifies as a CDE.