Posted on: 16th Feb, 2010 08:20 pm
If we are co-borrowers on our son's mortgage loan will he still qualify for the $8,000 first time home buyers credit?
if you are simply cosigning his note, he ought to still be able to qualify. please discuss it with your tax advisor for the best answer. i believe you'll also find this answer on the irs website in their Q and A section concerning the tax credit. i'm sorry for being a little vague but it's been a long time since i've answered this question, and i've seen so many variations i guess i'm just trying to hedge as best i can while trying to help.
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Yes,
Of course you are able to get first time home buyer tax credit, while you co-borrower. But you have not owe any property in last three years.
Congrats for $8000k credit.
Thanks & Regadrs.
gunz.ijjistaff :lol: :lol: :lol:
Of course you are able to get first time home buyer tax credit, while you co-borrower. But you have not owe any property in last three years.
Congrats for $8000k credit.
Thanks & Regadrs.
gunz.ijjistaff :lol: :lol: :lol:
