Announcement

Collapse
No announcement yet.

First Time Home Buyer - New Wrinkle

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    First Time Home Buyer - New Wrinkle

    Man and woman buy house in Jan 2010. He qualifies for the $8,000 credit and she qualifies for the $6,500 credit. What I think is the maximum that can be claimed is $8,000 and can be split anyway we want as long as she does not take more than $6,500, as she is entilted to up to $6,500. Any disagreement?
    Tags: None
    #2
    Married?

    Are they married?

    Comment

      #3
      Not married

      They are not married.

      Comment

        #4
        There is also the 10% of the purchase price limit and anyother limitations that might apply.

        If you do this you should include note about how the credit was split and who it was split with.

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...
        X