First time home buyer as a married couple?

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Icon Mini Profile laurasherman




Joined: 06 Nov 2009

Posts: 2

1.56 Dollars($)
PostPosted: Fri Nov 06, 2009 9:26 am    Post subject: First time home buyer as a married couple?

My husband bought our house last December 2008. We have now added me to the deed I am not on the loan. So can we claim the tax credit as first time buyers? We both own a home in our names but now we own a home in both of our names.
Icon Mini Profile smithsussane
smith.sussane



Joined: 18 Sep 2008

Posts: 3738
Location: Alaska
561.45 Dollars($)
PostPosted: Fri Nov 06, 2009 11:35 pm    Post subject:

Hi laurasherman!

Welcome to forums!

Obama government has extended the tax credit for homebuyers. Existing homeowners can also claim the tax credit. You can claim the tax credit on your federal income tax return by completing the IRS Form 5405 to determine their tax credit amount and get to know whether you qualify for it.

Sussane
Icon Mini Profile chrishot85




Joined: 09 Nov 2009

Posts: 16

3.30 Dollars($)
PostPosted: Tue Nov 10, 2009 5:11 am    Post subject:

Hi,

Government has extended the tax credit for homebuyers. So can claim the tax credit as first time buyers. If it will be possible you can meet your tax adviser.
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