Names | first time home buyer

March 19, 2011

How to claim the 7500 first time home buyer credit?

mammjamm18 asked:

My son and his girlfriend bought a house together last May. Both names are on the mortgage, yet they are not married. There is a child from her first marriage and one together.
If they file seperately do they each claim half the tax credit?
We haven’t figured out yet what each of their filing status should be, if they each claim one child. Single or head of household?

Marvin

Comments (3)

September 1, 2009

Am I qualified for the First time home buyer tax credit?

Filed under: United States — Tags: Apartment, First Time Home, First Time Home Buyer, First Time Home Buyer Tax Credit, Form 1098, Grandmother Lives, Interest Statement, Maintenance, Mortgage Interest, Names, Share Holder, Time Home Buyer — admin @ 12:05 am

Jon asked:

My grandmother lives in a Co-op in New York and I help her pay the maintenance, I used to live with her for several years until 2 years ago. Both of our names are on the co-op contract as share holder as well as on the Mortgage Interest Statement, Form 1098. I never took a mortgage or actually purchased any home. My question is, am I qualified for the 8000$ first time home buyer tax credit in case I buy an apartment in 2009?

Danielle

Comments (4)

August 19, 2009

How do we file for the first-time home buyer tax credit ?

Filed under: United States — Tags: Buying A House, First Time Home, First Time Home Buyer, First Time Home Buyer Tax Credit, Girlfriend, Names, Time Home Buyer — admin @ 4:20 am

Nesto c asked:

My Girlfriend and I are planning on buying a house in May. We just heard about the first-time home buyer tax credit. We plan on getting the loan in both of our names. How do we file for the credit ? The price of the house around 110k. Would it better if one of us applied for the credit or both of us. Thanks for any help.

Tammy

Comments (5)

first time home buyer – owner loan