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first time tax credit

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clay Guest	Posted: Sat Mar 06, 2010 8:57 am    Post subject: first time tax credit Like 0 Dislike 0 Ok I understand the part about the 3 year time frame on owning a home in order to get the 8000 credit we sold a home over 3 years ago and then built a metal building to stay in and was then going to build a new house well we have now started the process of buying a older home with more land, so snice we never built the house and lived in a metal building which the loan showed as a installment loan for land and barn but we homesteaded it snice we were living in it (had built a living area in it ) would we still get the credit? I plan on checking with a tax addv. but wanted to ask here also oh and we never claimed anything on our tax's with the irs when filling thanks clay _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Mon Mar 08, 2010 3:02 am    Post subject: Like 0 Dislike 0 If you did not have a property in your name for the last 3 years, then you would be able to claim the tax credit if you buy a property now. If there has been a property in your name, then you would not be considered eligible for it. _________________ Good is the Enemy of Great.

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