Comments on: First-Time Homebuyer Tax Credit

By: Tax Credit for buying a home

Tax Credit for buying a home — Sat, 26 Sep 2009 22:20:16 +0000

Tax Credit for buying a home…

First-Time Homebuyer Tax Credit is an excellent post about the Tax Credit for buying a home….

By: Kristal Kraft, Denver Realtor

Kristal Kraft, Denver Realtor — Sat, 21 Mar 2009 21:01:28 +0000

Chris, No, the credit does not apply to sales made between related parties.

Sorry!

By: Chris Lemmon

Chris Lemmon — Sat, 21 Mar 2009 20:53:33 +0000

I have a 2nd home I’m going to sell to my daughter & her husband…..will this sale be eligible for the $8K credit? They are first time buyers.

By: Kristal Kraft, Denver Realtor

Kristal Kraft, Denver Realtor — Mon, 23 Feb 2009 23:37:21 +0000

Dana ~ Just got confirmation on the answer to your question:
Form 5405 from the IRS specifically prohibits the 2008 or 2009 First Time Homebuyer Credit if you purchase the home from any family member…..

Hope this helps.
kk

By: Kristal Kraft, Denver Realtor

Kristal Kraft, Denver Realtor — Wed, 18 Feb 2009 17:24:00 +0000

Dana ~ Good question! I really don’t know but let me see if I can find out.

By: Dana

Dana — Wed, 18 Feb 2009 15:59:11 +0000

Do you know if the new tax credit for 1st time home buyers still has the stip that you cannot get credit if you buy home from close relative?

By: Kristal Kraft, Denver Realtor

Kristal Kraft, Denver Realtor — Tue, 17 Feb 2009 16:33:09 +0000

Hopefully he will have something very powerful to say. I’m anxious for consumer confidence to return to America.

By: Gena Riede

Gena Riede — Tue, 17 Feb 2009 06:14:02 +0000

KK,
It will be interesting to hear what housing pkg. Obama will speak on…all eyes will be on Denver this week.

By: Federal Tax Credit for Homebuyers $15,000!

Federal Tax Credit for Homebuyers $15,000! — Mon, 16 Feb 2009 04:46:29 +0000

[...] UPDATE: The final approved bill is here. First-Time Homebuyers Tax Credit [...]