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minka
Guest
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 Posted: Thu Sep 17, 2009 8:59 am Post subject: First Time Tax Credit - on Title, not mortgage |
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Would I qualify for the First time Home buyer tax credit with the following conditions:
-Name on Title, not on mortgage
-have never owned a home
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 JKennedySLG
Community Experts
Joined: 01 Apr 2009
Posts: 374
Location: New Jersey/New York
14.97 Dollars($)
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9749
Location: bloomfield, ct
35.02 Dollars($)
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| Posted: Thu Sep 17, 2009 10:49 am Post subject: |
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i'm wondering about this, james. what if someone had sufficient assets to pay cash? that person who is a first-time homebuyer is still a first-time homebuyer regardless of the existence of a mortgage; isn't that right? i just visited the irs website and found no mention made of a mortgage requirement.
do you know something i don't? i believe that minka, as an owner, would be eligible for the credit. but of course, that presupposes that the other party is also a first time buyer.
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