FTHB credit old law

[Larmil]

Two single people (man and woman) buy a home together. She gets the $7500 'loan'. They get married. Now they are getting divorced. HE gets the house. Is she liable for the $7500 loan payment since will will no longer own the home? There is no sale to limit her payback to the gain on the home. My thoughts is that this should be handled in the divorce settlement.

[Koss]

Divorce

See page 256 of the 2008 version of Publication 17.

I think you'll like the answer.



BMK

[BP.]

See page 256 of the 2008 version of Publication 17.

I think you'll like the answer.



BMK

Thank you, Burton. I will have one of these as well, and I had remembered skimming over something about it, but hadn't dug into the research yet. Your reference helps!

[Larmil]

See page 256 of the 2008 version of Publication 17.

I think you'll like the answer.



BMK

Koss. you are GREAT. Thank you.