Examples of Property B in a sentence
As a result of this increase in A’s adjusted tax basis, there is no excess distribution because the fair market value of distributed Property B ($10,000) is less than the adjusted tax basis of A’s partnership interest.
Gross Rent Potential less tenant contributions is used to impute the total annual budget authority needed for housing assistance payment to Property A and Property B.
HUD will not approve Property B above-market contract rents as part of an 8(bb) transfers.
Response: 8(bb) transfers must be “budget neutral.” “Budget neutrality” means that the annual gross rent potential (GRP) for Property B may not exceed the annual GRP for units terminating at Property A.
On December 31, 1998, Property B is dis- tributed to A in complete liquidation of A’s interest and, as part of the same distribu- tion, Property A1 is distributed to B in a cur- rent distribution.