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squeakythomas · Joined: 16 Feb 2010 Posts: 1 1.30 Dollars($)

If we are co-borrowers on our son's mortgage loan will he still qualify for the $8,000 first time home buyers credit?

gmakerley · Posted: Tue Feb 16, 2010 9:26 pm Post subject:

if you are simply cosigning his note, he ought to still be able to qualify. please discuss it with your tax advisor for the best answer. i believe you'll also find this answer on the irs website in their Q and A section concerning the tax credit. i'm sorry for being a little vague but it's been a long time since i've answered this question, and i've seen so many variations i guess i'm just trying to hedge as best i can while trying to help.

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gmakerley · Posted: Wed Feb 17, 2010 9:09 am Post subject:

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gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

Yes,

Of course you are able to get first time home buyer tax credit, while you co-borrower. But you have not owe any property in last three years.
Congrats for $8000k credit.

Thanks & Regadrs.
gunz.ijjistaff Laughing

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$8,000 tax credit w/co-borrower