Hello all, hope everyone is well! First time poster here with two quick questions for the group! I'm working on a personal rehab project of an early 18th century historic home in New York.1) Does anyone have familiarity with special allocations of historic tax credits amongst small partnerships? Specifically, can the GP investor claim more than their fair share (pro rata) allocation of tax credits given their additional work? If not, can the GP sign for the loan guarantees (additional liability/risk) and then claim an over-allocation of the credits?
2) Does anyone have a recommendation for a firm who has experience in NY and might be able to help with the above? Thanks in advance for any help I can offer! Not sure if anyone has dealt with this. Michael
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