Hillside Group,a Partnership,purchased a Building for $60,000 That Was Originally

question 73

Multiple Choice

Hillside Group,a partnership,purchased a building for $60,000 that was originally placed in service in 1929.The partnership incurs $180,000 rehabilitating the building.The building serves as the partnership's headquarters.The rehabilitation is completed in November 2016.What amount can the Hillside Group claim on their partnership return as a rehabilitation tax credit?

• A)$2,000
• B)$3,000
• C)$6,000
• D)$18,000
• E)$24,000

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