Sometimes coming up with a title can be confussing but here goes. Single taxpayer, single spouse. Taxpayer purchased house 2 years ago - still has it BUT converted it to rental due to moving out state. Taxpayer meets girl - then moves back to home state. Single lady purchase a house 5/22/09 - they get married 5/30/09. Both names on the HUD statement as a/k/a single lady x and single y for taxpayer. Lady x never owned a house AND the house was purchased for a fixer up - so cheap - under $60,000. So would she qualify for the FULL 10% since she orginally purchased the house and her name is on it first or do I split it or what.
I hope these tax laws settle down....so confussing sometimes on who, what, where, and why they are deducting or getting as a return.
Any suggestion on her claiming the 1st times home buyer credits? I think she can do it - it is under the $8,000 and the $6500.
I hope these tax laws settle down....so confussing sometimes on who, what, where, and why they are deducting or getting as a return.
Any suggestion on her claiming the 1st times home buyer credits? I think she can do it - it is under the $8,000 and the $6500.
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