First time Home buyer

- C
- Chris Ruehrwein
  
  Contact options for registered users
posted
15 years ago

Wed, Sep 3, 2008 2:54 PM

Can the first time home buyer tax credit of 7500 be used for a Condo?

Loading thread data ...

- D
- DF2
  
  Contact options for registered users
Vote on answer
posted
15 years ago

Wed, Sep 3, 2008 3:08 PM

Yes, but it is still not an actual credit. It's a 0-interest loan.

- C
- Chris Ruehrwein
  
  Contact options for registered users
Vote on answer
posted
15 years ago

Wed, Sep 3, 2008 3:40 PM

- H
- Harlan Lunsford
  
  Contact options for registered users
Vote on answer
posted
15 years ago

Wed, Sep 3, 2008 4:02 PM

Why don't we say "it depends"?

If the condo is a second residence, then the answer is no. It's only for the principal residence of a first time home buyer, defined as someone who hasn't owned a principal residence in the last three years.

ChEAr$, Harlan Lunsford, EA n LA

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.