Home Buying in Loomis>Question Details

Kevin, Home Buyer in Loomis, CA

1st time buyer tax credit- one buyer out of the three does not meet the requirement?

Asked by Kevin, Loomis, CA Wed Aug 26, 2009

For the 1st time buyer tax credit, if a couple purchase a home with one parent also being a purchaser, and this parent does not qualify as a first time homebuyer, can the couple still take the credit as long as the parent does not claim any portion?

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1
Kevin,
I will have to recommend that one be answered by a tax professional. Are you talking about an FHA non-occupant co-borrower loan? or something else?
0 votes Thank Flag Link Thu Aug 27, 2009
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