If a Taxpayer Is Required to Recapture Any Tax Credit

question 74

True/False

If a taxpayer is required to recapture any tax credit for rehabilitation expenditures, the recapture amount need not be added to the adjusted basis of the rehabilitation expenditures.

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Definitions:

Psychotherapy

A therapeutic treatment involving psychological techniques designed to assist individuals in overcoming difficulties and achieving personal growth.

Multicultural Factors

Aspects and influences that arise from different cultural, ethnic, and demographic backgrounds, affecting behaviors, attitudes, and beliefs.

Borderline Personality Disorder

A personality disorder characterized by repeated instability in interpersonal relationships, self-image, and mood, and by impulsive behavior.

Antisocial

Behaviors or attitudes that go against societal norms, often reflecting disregard for the rights or feelings of others.