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When complying with the tax credit law, you must follow different rules depending on which of the five types of tax credit units you’re dealing with. But tax credit managers often get confused about which rules apply to which type of unit, or even about how each unit type differs. If this happens to you, you may get tripped up in your compliance efforts. And dealing with different unit types incorrectly could put some or even all of the owner’s tax credits at risk.
