**Can you claim the tax credit if finance the purchase of my home under a mortgage revenue bond (MRB) program?
No. the tax credit cannot be combined with the MRB home buyer program.
**If you live in the District of Columbia. Can you claim both the DC first-time home buyer credit and this new credit?
If you state or city provides first time home buyer credit, you can then claim only one.
**If you are not US citizen, can you claim the tax credit?
Maybe. Anyone who is not a nonresident alien (defined by the IRS), who has not owned a principle residence in the previous three years and who meets the income limits test may claim the tax credit for a qualified home purchase. The IRS provides a definition of "nonresident alien" in IRS Publication 519.
Salt Lake City Blog for Russian and English speaking community looking for real estate, legal and translating services and/or information
Site Meter
Salt Lake City Blog for Russian and English speaking community looking for real estate, legal and translating services and/or information
Friday, December 19, 2008
Other Questions about First Home Buyers Tax Credit
Labels:
Columbia,
IRS,
mortgage revenue bond,
MRB,
nonresident,
tax credit,
US citizen
Subscribe to:
Post Comments (Atom)
My Partners
FREE Resources
Whether you have an agent or looking for one, please do not ever hesitate to request following types of information:
1. Comparable Analysis of the Property
(the one you are planning to purchase or sell)
2. Neighborhood Market Analysis
3. Legal Advice - Notary, Immigration or Criminal Attorney's Consultation
4. Contract Questions
5. Translation
6. And much more,
Just send me a quick e-mail explaining what you need, and I will reply within minutes!*
marinav30@yahoo.com
1. Comparable Analysis of the Property
(the one you are planning to purchase or sell)
2. Neighborhood Market Analysis
3. Legal Advice - Notary, Immigration or Criminal Attorney's Consultation
4. Contract Questions
5. Translation
6. And much more,
Just send me a quick e-mail explaining what you need, and I will reply within minutes!*
marinav30@yahoo.com
1 comment:
Buying your first home oh how sweet it is.
Post a Comment