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Can you get first time buyer tax credit when buying a house from relative?
Wiki User
∙ 14y ago
No you cannot related party sales don't count
Wiki User
∙ 14y ago
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If there are 2 purchasers on a home and only one is a first time home buyer can first time buyer get first time home buyer tax credit?
Yes
What companies offer mortgages to a first time home buyer that has bad credit?
Finding a company that offers mortgages to a first time home buyer that has bad credit is not an easy task. Mortgagedigger, govhomeloans and operationhope are companies that offer mortgages to a first time home buyer that has bad credit.
Can you qualify for the 8000 first time home buyer tax credit if buying a duplex as a principle residence?
I would love to know the answer to this question! I find conflicting data everywhere.
Does a land contract qualify a first time home buyer for the new tax credit?
Does a land contract qualify a first time home buyer for the new tax credit?
Where are the useful first time buyer mortgages?
There are many useful & unique aspects of the home buying process. The people who buy first home use first time buyer mortgages like the fha home loan they seek & complete in the buying process.
Do you qualify for first time home buyer if you bought from parents?
No you cannot take the credit when you buy your home from a close relative. This includes your parents.
If there are 2 purchasers on a home and only one is a first time home buyer can first time buyer get first time home buyer tax credit?
Yes
What is a first time buyer tax credit 2010?
A first time buyer tax credit is a credit you can get if you purchased a house (primary residency) in 2008, 2009 or 2010. It reduces your tax bill (what you pay).
What companies offer mortgages to a first time home buyer that has bad credit?
Finding a company that offers mortgages to a first time home buyer that has bad credit is not an easy task. Mortgagedigger, govhomeloans and operationhope are companies that offer mortgages to a first time home buyer that has bad credit.
Can you qualify for the 8000 first time home buyer tax credit if buying a duplex as a principle residence?
I would love to know the answer to this question! I find conflicting data everywhere.
Does a land contract qualify a first time home buyer for the new tax credit?
Does a land contract qualify a first time home buyer for the new tax credit?
Is the first time home buyer credit still in effect and if so how for how long?
Yes, the first time home buyer's credit is still available, and will be so until April 2010 (http://www.federalhousingtaxcredit.com/).
Where are the useful first time buyer mortgages?
There are many useful & unique aspects of the home buying process. The people who buy first home use first time buyer mortgages like the fha home loan they seek & complete in the buying process.
What is some advice for a first time home buyer to get tax credit from 2010?
In order to get the first time home buyer tax credit, you need to have closed on your home by October of 2010. If so, you can take the deduction on your taxes.
i would like to know about a first time home buyer program?
Hud has some great info on first time home buying: http://www.hud.gov/buying/index.cfm
Is there a tax credit for first time home buyers?
Yes. There is a first-time home buyer credit of up to $8000 until 4/30/2010.
Documentary letter of credit?
A DOCUMENTARY credit is frequently the agreed method of settlement for international trade. The buyer's bank reimburses the seller against presentation of documents drawn in compliance with conditions stipulated in the documentary credit by the buyer. There are advantages to both the buyer and seller when settlement is arranged by documentary letter of credit. First, the buyer knows that payment will only be made if the documents received comply strictly with the terms and conditions of the credit as stipulated by the buyer. Second, the seller knows that payment will be received provided the terms and conditions of the credit are strictly complied with.
