Am I qualified for the First time home buyer tax credit?
Wednesday, August 11th, 2010 at
7:35 pm
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?
Tagged with: apartment • first time home • first time home buyer • first time home buyer tax credit • form 1098 • grandmother lives • interest statement • mortgage interest • share holder • time home buyer
Filed under: First Time Home Buyer Loans and Grants
You could be on a hundred mortgages and/or deeds and still qualify but if you owned any share in what was your principal residence anytime in the three years prior to the purchase of a new principal residence you do not qualify for the FTHBC.