First time Home buyer

  • Thread starter Chris Ruehrwein
  • Start date

C

Chris Ruehrwein

Can the first time home buyer tax credit of 7500 be used for a Condo?
 
Ad

Advertisements

D

DF2

Can the first time home buyer tax credit of 7500 be used for a Condo?
Yes, but it is still not an actual credit. It's a 0-interest loan.
 
Ad

Advertisements

H

Harlan Lunsford

DF2 said:
Yes, but it is still not an actual credit. It's a 0-interest loan.
Why don't we say "it depends"?

If the condo is a second residence, then the answer is no. It's only
for the principal residence of a first time home buyer, defined as
someone who hasn't owned a principal residence in the last three years.

ChEAr$,
Harlan Lunsford, EA n LA
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top