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CBH
Lv 4
CBH asked in Business & FinanceRenting & Real Estate · 1 decade ago

If I buy a condo do I still qualify for the $8,000 dollar tax credit?

I have been thinking about buying a house, but because I plan on going to law school in two years I have decided to buy a condo instead. If I buy a condo will I still qualify for the $8k tax credit for first time home buyers?

Thanks

3 Answers

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  • acermill
    Lv 7
    1 decade ago
    Favorite Answer

    Yes, you will, as long as you qualify under the other requirements for the tax credit.

  • Othniel
    Lv 6
    1 decade ago

    As long as you qualify as a first time home owner and the price of the condo is at least $80k you will be able to get the $8k if you buy in 2009. The $8k is the maximum amount and if the condo costs less then you will receive 10% of that amount.

  • Landlord
    Lv 7
    1 decade ago

    Yes, condos are just the same as houses when it comes to taxes.

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