LIHTC Accounting Basics
LIHTC Accounting Basics Quiz
Test your knowledge on the Low-Income Housing Tax Credit (LIHTC) program with our quiz! This quiz covers essential topics related to LIHTC accounting, including eligible basis, tax credit benefits, and credit types.
- 7 engaging questions
- Multiple choice and checkbox formats
- Perfect for tax credit investors and housing professionals
What is included in eligible basis for LIHTC purposes?
Land
Existing Building
New Construction Costs
Renovation Costs
Soft Costs
Permanent Financing Costs
What are the primary benefits that tax credit investors are interested in?
Cash Flow
Tax Credits
Losses
Developer Fee
Sale Upside
Asset Manager Tears
If the federal corporate tax rate goes up, tax credit pricing will generally:
Increase
Decrease
Which statement accurately describes 4% and 9% credits?
4% provides more subsidy but is harder to get
4% provides less subsidy but is easier to get
Trick question, there is no difference
Which of the following are determined by the cost certification?
Tax Basis
Rehabilitation Credits
Acquisition Credits
Eligible Basis
Bonus Depreciation
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