I am currently buying a house with my parents. The house does not qualify for a mortgage, so my parents took
out a line of credit to pay for the house, but put my name on the deed. I will be making the monthly payments on the loan. Do I qualify for the $8000 First time home buyers tax credit (I meet all other criteria). Thanks!
Answers (1)
FIRST ANSWER
Hello Cordelia670!
You will need to seek the Advice of an accountant/CPA. Sorry, I could not help you with this one and I would guess no one else could either...but, I wanted to at least reply and give you some kind of direction to go in. You may want to search online for a Free CPA question and answer in your area or something...Kinda like Trulia but for CPA's.
I hope this helps.
Didn’t find what you were looking for? Ask a question!
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback