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I own home in another state but it isn't my primary residence.Do I qualify for the $8000 tax credit?

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April 07 - Sugar House

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Sheila Barrett, "Sheila Barrett"
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Sheila Barrett, "Sheila Barrett"

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Do you stay at this home more than six months out of the year-even if you stay at another place the rest of the time you MAY qualify if it is the only home you own. You must meet some other rules but it might be worth talking to your tax professional.

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April 12

daydr3am
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You have to live in the home you recently purchased in order to receive the 10% or $8000 tax credit, whichever is lower.

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April 12

wetdawgs
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Has the home in another state been used as your (you and/or your spouse) residence at any time during the last three years? If so, you would not be eligible. If not, you might be.

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April 07

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Question I own home in another state but it isn't my primary residence.Do I qualify for the $8000 tax credit?

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April 12

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I own home in another state but it isn't my primary residence.Do I qualify for the $8000 tax credit?

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Question I own home in another state but it isn't my primary residence.Do I qualify for the $8000 tax credit?

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

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Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

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I own home in another state but it isn't my primary residence.Do I qualify for the $8000 tax credit?

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Question I own home in another state but it isn't my primary residence.Do I qualify for the $8000 tax credit?

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

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