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The credits are eventually depleted and a K-1 is distributed to the partners who then consider the credits about the personal pay back. The IRS is arguing that there's no legitimate business purpose for your partnership, it's the strategy fraudulent. If choice taxes are high now, wait till 2011. Concerning the federal, state and local governments, you'll end paying substantially than once you are. Plan for it ahead of energy and it is best to be place to limit the damage.
