Question by Jay: How long after owning a home are you considered a first time home buyer again?
I sold my home in November 2008. How long do I have to wait from the date of my sale to be considered a first time home buyer again. Also is it from when you last owned a home or is it from when you last purchased your home?
Best answer:
Answer by lthornton_pmo
3 years, if you know longer own the property. re
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Question by Big Iron: Can the first time home buyer credit be used for a down payment?
Keep hearing that the first time home buyer credit can now be used for a down payment. Trying to find out if that is true or what the qualifications/requirements are for that.
Best answer:
Answer by Professional Peon
I have not heard that and do not know how that would be possible as the tax ascribed would be given to you when you file for your 2009 tax returns next spring
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www.government Scholarship for.com find government grants for first time home buyers. I’ll show you how to apply and get approved. Video Rating: 5 / 5
The IRS says there was significant abuse and fraudulent claims related to the 00 First Time Home Buyers tax credit. Pretty shocking…
Video Rating: 5 / 5
Charles D’Alessandro Brooklyn Realtor® with Fillmore Real Estate discusses the first time Brooklyn home buyer with Real estate attorney Michael Reinhardt.. Free book offer for Buying or Selling Your Real Estate Does Not Have To Be Stressful!
Video Rating: 5 / 5
Question by Sonja: Can we qualify for a first time home buyer program?
First time home buyer question. My wife is a school teacher, but with my income combined with hers we are priced out of every first time home buyer program we have seen. Can we use only one of our incomes to qualify for a first time home buyer program?
Best answer:
Answer by whatevit
I do not know where you are from. First time national buyersis dependent on ownership of property not income.If your income is high, this does not prevent you from the benefitsof the program, at lease not in my country.If there is an income limitation, you can buy the property inone name and use the income of that person. Please notethat you should make a more reasonable investment if you can.
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Question by misskh2000: How does the first time home buyer tax credit work?
My fiance and I bought a house this year so we qualify for the first time home buyer tax credit. I’m just wondering how this works exactly. We are suppose to get a certain amount back according to what we paid for our house. My question is, do tax get deducted from the tax credit we’d be getting back for the house?
Best answer:
Answer by Flower
The tax credit reduces your tax liability by $ 8000 or whatever the amount was.
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