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Question for my tax accountants

Posted on 4/13/13 at 11:42 am
Posted by 5 Deep
Crawford Boxes
Member since Jul 2010
24600 posts
Posted on 4/13/13 at 11:42 am
Does qualified nonrecourse financing add to your basis in a partnership? Specifically in commercial real estate...
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 4/13/13 at 12:31 pm to
quote:

Does qualified nonrecourse financing add to your basis in a partnership? Specifically in commercial real estate.
Yes, it adds to your basis. However, you also have to look at the at-risk rules of Section 465. Typically qualified nonrecourse indebtedness qualifies as at-risk, but not always.
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4667 posts
Posted on 4/13/13 at 1:09 pm to
More importantly, where the hell are you getting non-recourse loans right now! You must be at 40% LTV or less and have a cash cow of a property.
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