Worksheets
Exit Tax Analysis
Download this worksheet to extrapolate for the remaining number of years from the year of the tax return to estimate what the Limited Partner's capital account is likely to be at the time of sale. You will need your most recent Limited Partnership tax return, Form 1065, Schedule K to determine your exit tax.
Determining What Year is Year 15
The 15 year LIHTC compliance period ends on December 31st of the 15th year of the tax credit period, and a sale may occur anytime after that year-end date. Download this worksheet to help you determine your project's Year 15.Featured Project: Seneca SRO

This $15 million project exemplifies both collaboration and creative financing that addresses a dire housing shortage in Buffalo, N.Y. Developed by two organizations with stellar track records -- DePaul Group and STEL -- in providing supportive housing for persons living with psychiatric disabilities and other special needs populations, the 75-unit Seneca SRO was built upon the former site of an asbestos-ridden bowling center, and it is one of the first projects to leverage tax credits and private debt with OMH funding.
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