Find solution
$8000 first time home buyer tax credit?

Am I eligible for the $8000 first time home buyer's tax credit if my copurchaser is related to the seller?

  • My boyfriend and I are buying a house that his dad is building. I've read that buying a house from a relative excludes you from the tax credit; but I've also read that for unmarried couples, if one person does not qualify, their partner can still claim the full credit as long as they qualify. Since his dad is not a relative or inlaw to me, can I still claim the credit?

  • Answer:

    As long you aren't married before the closing, you should be OK.

Curious at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Yes, you can qualify. However, remember you must live in the house for 3 years after you purchase. Can you afford the place on your own if and when the relationship ends?

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.