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The word "owned" is pretty clear. If you held a title or a deed in your name to, or paid a mortgage on, any piece of residential real estate within the past thrree years you don't qualify.
What else can I help you with?
Do i qualify for the tax credit if i bought my house as 2nd home but actually live in it?
The key here is this. Is the second purchase your PRIMARY residence? If you live in the home 24/7...not a vacation home...you use this address for your mail and primary residence, then it IS your primary residence. That fulfills the obligation in the rules for the tax credit.
What is considered Proof of residence to qualify for Amnesty?
Proof of residence to qualify for amnesty includes school identification cards, school records, transcripts, leases, and affidavits from credible persons or witnesses.
Do i file for homebuyers credit even if i dont have any taxes to file?
If you meet all of the rules to qualify for the homebuyers credit YES. The FTHBC is a Refundable credit and when the credit amount is more than your total income tax liability, the excess amount will be refunded to you.
You purchased a trailor in 2004 do you qualify for stimulus credit?
You have to be a first time home buyer with a closing date after April 8, 2008 and before December 01,2009. It has to be your primary residence. There are income phase outs and not everyone will qualify. You can file an amendment on you 2008 tax return or wait until you file you 2009 tax return to claim your credit. If owned a primary residence at any time during the three years before the date of purchase you do not qualify for the credit. You cannot claim the credit before there is a completed sale and purchase of the residence. For more information visit the IRS website http://www.irs.gov/newsroom/article/0,,id=206291,00.html
Is PMI bad for homeowners?
PMI, or private mortgage insurance, is not inherently bad for homeowners. It is typically required for homebuyers who make a down payment of less than 20 on their home purchase. PMI protects the lender in case the borrower defaults on the loan. While it adds to the cost of homeownership, it can help individuals qualify for a mortgage and purchase a home sooner.
I own a home in maricopa county and I am a widow. Do I qualify for widow exemption on my taxes as it is my primary residence Thank you?
Yes, you qualify for the widow exemption on your taxes.
Can you return camper to dealer?
For a refund? NO! This type purchase does not qualify under the Cooling Off Period Law.For a refund? NO! This type purchase does not qualify under the Cooling Off Period Law.
Enter your question hereGrants to purchase a car?
How do I find out if I qualify
How does a person qualify for a Ocwen Modification Loan?
Your Income - Subtract the expenses = Your new Principal + Interest Payment. This does not include your escrow.
How do you qualify for a reverse mortgage?
To qualify for a reverse mortgage, the borrower must be at least 62 years old, own their home in full (or be able to pay the balance on their home with the proceeds of the reverse mortgage), and live in that home as their primary residence.
Do you have to be married in order to qualify for health insurance?
No, you do not have to be married to qualify for health insurance. Individual health insurance plans are available for purchase regardless of marital status.
After the 18-month temporary residence period each legalized alien has to apply for permanent residence?
Not necessarily. The requirements for obtaining permanent residence (green card) vary depending on the specific case and circumstances of each individual. Some legalized aliens may automatically qualify for a green card after their temporary status expires, while others may need to apply and meet certain criteria to be eligible for permanent residence.
