If a buyer purchases and closes on a home as a first time homebuyer to receive the tax credit but exceeds the

Sharon Bishop
Agent
Greenville, SC

income guidelines(makes more than the allowed $75,000) but then is getting married later in the year. Can the 2010 taxes be filed to receive the full tax credit jointly? The joint income would then be less than $150,000? Should the spouse be added to the deed when the house is bought?

Answers (2)
Abraham Mills
Agent
Greenville, SC

I answered this question once already, but deleted it to add this link. Look it over, it has simple easy to understand answers to the all of the tax credit questions.

http://www.federalhousingtaxcredit.com/2009/faq.php

Good Luck!

Web Reference: http://www.abemills.com
Tue Aug 11 2009, 06:52
Dave Edwards
Agent
Greenville, SC
FIRST ANSWER

First, you should probably talk with an accountant. The credit seems to based on the status at the time of filing and I don't think the future spouse needs to be on the deed at the time of purchase. Again check with a tax professional.

Thu May 28 2009, 05:14

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 241
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback