mip

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#18218 Closed public _General Les Sparks
Customer Reply

Hi Les
I would like your opinion.
Our 228 d client capitalized the MIP premium during the construction period.
1 1/2 years later they received a refund of $150000 for that period.
Should I just treat this as a prior period adjustment, for the statemnts?
Thanks for your help
chet woolard
Kathy Christensen

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There is an upcoming deadline for submitting HUD Multifamily financial statements. My focus is on emails pertaining to HUD Multifamily submissions that are sent to submit@ahacpa.org. I will only be answering email sent to kathy@ahacpa.org or info@ahacpa.org once a day.

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