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GEORGIA DEPARTMENT OF REVENUE SUBSTANTIAL REHABILITATION WORKSHEET COMPLETE BEFORE CERTIFYING ITEM 4 ON PART B FINAL CERTIFICATION OF THE STATE INCOME TAX CREDIT PROGRAM APPLICATION KEEP FOR YOUR
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How to fill out substantial rehabilitation worksheet
How to fill out substantial rehabilitation worksheet:
01
Start by gathering all the necessary information. This includes the property's address, the owner's contact information, and any relevant documentation such as bids, contracts, and invoices.
02
Begin by filling in the basic details of the property. This can include the type of property (residential, commercial, etc.), the number of units, and the date of substantial rehabilitation.
03
Proceed to provide a detailed description of the work being done. This may include renovations, repairs, or additions. Be sure to include specific details such as the scope of work, materials used, and the estimated cost.
04
Identify any sources of financing for the project. This can include loans, grants, or personal funds. Include the amount and source of each financing option.
05
Attach any necessary supporting documents. This can include contracts with contractors or suppliers, invoices, photographs, or any other relevant paperwork.
Who needs substantial rehabilitation worksheet:
01
Property owners or managers who are undertaking substantial renovations or repairs on a property.
02
Government agencies or organizations that require documentation of rehabilitation efforts for regulatory or funding purposes.
03
Contractors or construction professionals who need to provide a comprehensive report of the work done to their clients or management.
Remember, the substantial rehabilitation worksheet is a valuable tool for organizing and documenting the details of a rehabilitation project. It helps ensure that all necessary information is collected and provides a clear record of the work completed.
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What is substantial rehabilitation worksheet?
The substantial rehabilitation worksheet is a form used to report the costs of substantial rehabilitation work done on a property.
Who is required to file substantial rehabilitation worksheet?
Owners of properties that have undergone substantial rehabilitation work are required to file the worksheet.
How to fill out substantial rehabilitation worksheet?
The worksheet must be filled out by entering the relevant information such as the costs of the rehabilitation work and details of the property.
What is the purpose of substantial rehabilitation worksheet?
The purpose of the substantial rehabilitation worksheet is to document the costs of rehabilitation work for tax or regulatory compliance purposes.
What information must be reported on substantial rehabilitation worksheet?
Information such as the costs of the rehabilitation work, dates of the work, and details of the property must be reported on the worksheet.
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