Tax Reform Brings Changes to Real Estate Rehabilitation Tax Credit Tax Reform Tax Tip 2018-161 October 17, 2018 The rehabilitation tax credit offers an incentive for owners to renovate and restore old or historic buildings. Tax reform legislation passed in December 2017 changed when the credit is claimed and provides a transition rule:
Taxpayers use Form 3468, Investment Credit, to claim the rehabilitation tax credit and a variety of other investment credits. Form 3468 instructions have detailed requirements for completing the form. More information: Rehabilitation Tax Credit - Real Estate Tax Tips Internal Revenue Code Section 47 Subscribe to IRS Tax Tips
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