Page 1
Page 1
Started By
Message
locked post

Louisiana Historic Tax Credits

Posted on 3/2/12 at 3:58 pm
Posted by tigerrocket
Member since Aug 2008
162 posts
Posted on 3/2/12 at 3:58 pm
1. Are Louisiana Historic Tax credits taxable if they are sold? (capital gain or ordinary income?)

2. What is the going rate if I sell them?

3. Do you know of any reputable brokers?

Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 3/2/12 at 11:16 pm to
Your CPA should be able to broker them. Right now you could probably get .85
Posted by tigerrocket
Member since Aug 2008
162 posts
Posted on 3/3/12 at 7:50 am to
I have been offered .79 by a broker and was wonering if that was a fair price. I would imagine that a cpa could get a better price by cutting out the middle man. I have about 43k worth of credits. Do you know if they are taxable as income if sold?
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 3/3/12 at 7:55 am to
When do the credits expire? I know some will expire up to 10 years.

Not certain on the taxable income but I'd imagine it is considered income.
Posted by tigerrocket
Member since Aug 2008
162 posts
Posted on 3/3/12 at 8:30 am to
5 years. The credits were certified last year. I am trying to decide whether it is worth selling today versus using over the next 4-5 years.
Posted by AbsolutTiger
New Orleans
Member since Sep 2006
4796 posts
Posted on 3/3/12 at 9:57 am to
We're buying some At work around $.84-.85
Posted by AbsolutTiger
New Orleans
Member since Sep 2006
4796 posts
Posted on 3/3/12 at 9:58 am to
And I'm pretty sure they're income to you.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram