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Tax Credit

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Garysnober Joined: 17 Mar 2009 Posts: 450 15.29 Dollars($)	Posted: Mon Mar 23, 2009 10:49 am    Post subject: Tax Credit Like 0 Dislike 0 Hi i will be purchasing a home with a private investor, such as a hard money loan. Will i qualify for the 8k tax credit next year if both mine and his name is on the deed or title? As he has owned alot more then 1 house. Thanks all advice would be great.
adonis Joined: 22 Oct 2005 Posts: 10250 Location: ALASKA 1043.57 Dollars($)	Posted: Mon Mar 23, 2009 11:36 pm    Post subject: Like 0 Dislike 0 Hi Garysnober, Yes, you may qualify for the first time home buyer's tax credit provided your name is on the title and the mortgage. As the other person has various other properties in his name, he will not be considered as a first time home buyer. If he is on the property deed, you may not get the benefit of first time home buyer tax credit. _________________ Procrastination is the enemy of your financial success

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