Posted on: 25th Jun, 2009 07:35 pm
My sister wants to buy a home and I would be co-signing with her. She hasn't bought a home before and I have. If I co-sign with her, can she still qualify for the new tax credit?
confused,
No !!
You won't get the benefit.
keep in touch...
No !!
You won't get the benefit.
keep in touch...
Hi confused,
I think she should be able to get the $8k tax credit. After all, she is purchasing the house, not you. By co-signing on the loan, you are merely helping her to qualify for the loan. so, if she has not owned a house for the past 3 years and she intends to use this property as her primary residence, she should qualify for the tax credit. However, she will have to file a separate tax return.
I think she should be able to get the $8k tax credit. After all, she is purchasing the house, not you. By co-signing on the loan, you are merely helping her to qualify for the loan. so, if she has not owned a house for the past 3 years and she intends to use this property as her primary residence, she should qualify for the tax credit. However, she will have to file a separate tax return.