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wife has a house and her and i both want the tax credit, how can we use her house and still buy?

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wife and i both want to live in pittsburgh,but not in city area,also want to use present house as tax credit,is this possible and where are the houses valued at 50 thousand ?

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June 22 - Pittsburgh

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Dustin Nulf, "Dustin Nulf"
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Dustin Nulf, "Dustin Nulf"

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If either of you actually lived in the home at any time in the last 3 years then you can't get the credit as far as I know. In PA it doesn't matter who's name is on the deed, if you're married then it's owned by both.

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August 16

wetdawgs
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wetdawgs

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If your wife has lived in the house she owns as a primary residence at any time within the last three years, then not qualified for the tax credit.

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June 22

Michael Emery, "MikeEmery"
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Michael Emery, "MikeEmery"

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First of all, the home that your wife owns, are you currently living in the home or have you or your wife lived in the home at any point in the previous three years?

There is not enough information to adequately address your question.

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June 22

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wife has a house and her and i both want the tax credit, how can we use her house and still buy?

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Related Questions

Question what is buyers assist? Is it deducted form the price of the property?

Question Can I use the $8,000 tax credit as a down payment to purchase a home

Question what is make me move?

Question How can I show you I want to look at ranch style homes only? I can no longer climb stairs.

Question How many points can you buy to reduce your interest on your mortgage loan?

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