Question: The low-income housing tax credit applies to every new qualified low-income building placed in service after 1986. The credit is a percentage of the building

The low-income housing tax credit applies to every new qualified low-income building placed in service after 1986. The credit is a percentage of the building basis depending on the month it was placed in service. The residential rental building must continue to meet certain requirements during a certain period. How long is the compliance period for this credit? Question 5Select one: a. Two years b. 15 years c. 25 years d. Ten years

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