Multifamily allowable costs

ID Status Date Public/Private Industry AHACPA Contact
#19383 Closed public Multifamily _General Support
Customer Reply

We have a client asking if there is a document that they can reference that shows what costs are allowed to be included in their property budgets – would you know where that might be if one exists? Thanks –

Les Sparks

Mindy, it might not be organized as well as they may want, but the question’s answer is more of a principles-based answer anyway. Here is HUD’s guidance.

 

Les Sparks
| 459 N 300 W #10 | Kaysville, UT 84037 | Phone: 801-547-0809
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From: Support <support@ahacpa.org>
Sent: Tuesday, March 26, 2024 9:43 AM
To: les@ahacpa.org
Subject: Multifamily allowable costs [NEW]

Customer Reply

I will be out of the office 4/25 & 4/26 with limited access to email.  If you need immediate assistance with a 990 or audit question, you may contact
Tabitha Marrlett at tmarrlett@dmlo.com, or if you need immediate assistance with any other tax issue, you may contact Sarah Kerrick at skerrick@dmlo.com, or please contact our receptionist at 502-426-9660.   Otherwise, I will return your message as soon as
possible upon my return.

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DISCLAIMER Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it
sufficient to avoid tax-related penalties. If desired, DMLO would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope
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