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Does the $8000 tax credit apply to condos as well?

Does anybody know if the $8000 tax credit applies to the purchase of a condo?  
  • March 26 2009 - Eagle Mountain
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Answers (3)

Best Answer

Yes, condos qualify for this credit, but it must be your principal residence.  The tax credit has income restrictions as well as requirements to qualify as a "first time buyer" (any individual who does not currently own their principal residence  or has owned in the last 3years).
  • March 26 2009
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If you are looking at new unoccupied construction the Utah state grant may apply http://b2b.utahhousingcorp.org/HomeRun.htmbut you will need to hurry.
  • March 28 2009
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Here's the linky to more info. Otherwise Geraldine's info is spot on. http://www.federalhousingtaxcredit.com/2009/faq.php
  • March 26 2009
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