CD Loans & Renewals

Posted By: Anonymous

CD Loans & Renewals - 03/03/05 04:12 PM

If I have a loan that I reported in 2003 for a qualified community development organization, e.g Habitat for Humanity, and that origanization renews the loan in 2004, can I count it again as a CD loan for 2004?
Posted By: HRH Dawnie

Re: CD Loans & Renewals - 03/04/05 06:57 PM

Yup If you didn't renew it, someone would have to right? Take every renewal as long as you're not structuring it just for this purpose (unlikely, but just in case)