UNICAP Exemption benefit we have found to date: $180,547,156

Knowledge Center

UNICAP Exemption for Real Estate
How to Navigate UNICAP
Understanding Unicap

Case Studies

Case 1: Apartment Complex

  • Placed in service in 2024
  • Development Costs: $38,600,000
  • Current Year 263A: $12,200,000
  • No 481(a) adjustment

Case 2: Hotel

  • Placed in service in 2020
  • Development Costs: $8,900,000
  • Current Year 263A: $1,950,000
  • 481(a) Adjustment: -$1,850,000
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