The IRS has published an informational hand-out on the first-time homebuyers credit. This doc states the qualifications and timelines in an easy-to-understand piece. Check it out here: Important Information About The First-Time Homebuyer Credit
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Jay
I qualify for the $6,500 tax credit, so I cannot complain too loudly.
I do wish the I.R.S. would note the difference between a owner-occupied trailer, parked in a rental lot, at a RV park, where the trailer owner pays no property tax, and a owner-occupied trailer, on the owner’s privately owned lot, or property, where the owner pays property tax.
It seems the specific requirement for the $8,000 tax credit, is the trailer, house-boat, etc, has been used as the “primary residence”.
let's build a AA team during a recession!
pretty sure I qualify for the $6,500 tax credit as well. The only thing that sucks is you can’t file your taxes online if you claim it.
let's build a AA team during a recession!
AAA
billddrummer
After my foreclosure is 3 years old, I’ll qualify for the $8,000 tax credit.
Trouble is, with a foreclosure on my credit record, I won’t be able to get a mortgage loan at less than 12%.
No thanks.