Posted on: 05th Jun, 2009 07:46 am
Hi there,
Much to my dismay I think I already know the answer, but I just want to make sure.
I'm getting the loan & house in my name, since husband's employment has been spotty the last year. I would qualify for the $8000 tax credit. BUT my mother in law had put my husband and his 2 brothers on the deed with her. Therefore, this declares him a homeowner, thereby making me guilty by association and disqualifying me for the credit?
Much to my dismay I think I already know the answer, but I just want to make sure.
I'm getting the loan & house in my name, since husband's employment has been spotty the last year. I would qualify for the $8000 tax credit. BUT my mother in law had put my husband and his 2 brothers on the deed with her. Therefore, this declares him a homeowner, thereby making me guilty by association and disqualifying me for the credit?
I believe that if you purchase the home on your own then you may qualify for the credit. You would also have to qualify for the loan solely as well.