The income limits are listed for each year of ownership in which recapture tax may be due. When is recapture tax paid? Whether or not recapture tax is due, borrowers must file IRS Form 8828 with their federal income tax returns for the year in which their home is sold. Recapture tax is...
Link to Title 26, Section 42 of the United States Code on the Office of the Law Revision Counsel web site. Income and Rent Limits Income and Rent Limits including Standard MTSP, HERA Special and Average Income can be found in theMultiFamily Data Library....