NCSHA Develops Income Averaging Q & A

To assist our industry in understanding and implementing the new Income Averaging election, NCSHA has developed an Income Averaging Q&A with answers to frequently asked questions. The document was prepared with assistance from industry experts Tony Freedman of Holland and Knight and Mark Shelburne of Novogradac & Company plus input from some key State Agency staff. Also, as there was little clarity provided with the statute on certain income averaging aspects, NCSHA will request guidance from the IRS.

To access the Q&A document, CLICK HERE.

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