Posted on: 27th May, 2009 06:57 pm
My mother in law quick deed her house to us in 1994. Since we did not official purchase the home, are we still consider as first time buyers for the $8000 tax credit to purchase our first house by the Dec. 1, 2009 deadline?
You are considered a First Time Home Buyers if you have not owned a home for 3 years prior. If you still own this home, you would not qualify. If you have not owned a home in the last 3 years you are eligible. I hope this helps...
Hi JKennedySLG,
Is it universal law? or its specific to region?
If specific reagion i want to know that region /country?
Is it universal law? or its specific to region?
If specific reagion i want to know that region /country?
sunil the $8000 tax credit being discussed in this and other forums is only relevant to the united states. it is for 2009.
thanks George