Profile picture for THANEE

Can I have my wife buy a house to get $8000 tax credit and I already own the house b4 married?

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 08 2009 - Moore
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (4)

In the eyes of the IRS your wife is also a homeowner because she has had the tax advantages of home ownership without technically being the home owner. So while she may not be on the paper, she too is a homeowner.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 08 2009

No.  You would not qualify for the $8000 tax credit.  However, as the others before me have stated, you may qualify for the $6500 tax credit if you sell and purchase another home.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 08 2009
Profile picture for wetdawgs
 If you have owned this home any time within the last three years, your spouse does not qualify (even if you don't file your taxes jointly).

If you've owned the home  and lived in it for at least five of the last eight years, then together you may qualify for the $6500 credit when you buy a new home.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 08 2009
I would strongly suggest that you contact your CPA regarding this question. My initial answer is no you would not be able to get the credit because you probably file your taxes jointly and the IRS would be able to see that you already have a primary residence.

You would qualify for the $6,500 credit if you have owned your current place for more than 5 years and are now trading up on your purchase.

Again consult your CPA.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 08 2009
 
Related Questions
Do you have a listing of lease-to-own properties in the 73160 zip?
Profile picture for Josh Barnett
Latest answer by Josh Barnett
June 11 2013 | 1 answers
Can I have my wife buy a house to get $8000 tax credit and I already own the house b4 married?
Profile picture for Michael Emery
Latest answer by Michael Emery
December 08 2009 | 4 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 104 Broadway Cir, Oklahoma City, OK Home For Sale
    104 Broadway Cir, Oklahoma City, OK 73170

     For Sale: $179,500

    • Beds: 3
    • Sqft: 1677
    • Baths: 2.0
    • Lot: 7150
  2. 1112 Samantha Ln, Moore, OK Home For Sale
    1112 Samantha Ln, Moore, OK 73160

     For Sale: $266,990

    • Beds: 4
    • Sqft: 2313
    • Baths: 3.0
    • Lot: 7783
  3. 441 SW 102nd St, Oklahoma City, OK Home For Sale
    441 SW 102nd St, Oklahoma City, OK 73139

     For Sale: $189,900

    • Beds: 3
    • Sqft: 2346
    • Baths: 2.0
    • Lot: 14135