Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

1 Bump

house taxes credit

We buyed a house got the tax credit, and are now looking to get divorced and we havent owned our house for 3 years, are we gonna have to pay it all back??

Answer Question
 
Anonymous

Asked by Anonymous at 7:50 PM on Aug. 23, 2010 in Money & Work

Answers (6)
  • yes you are.
    Mommy2Gabrielle

    Answer by Mommy2Gabrielle at 7:52 PM on Aug. 23, 2010

  • http://www.wral.com/business/blogpost/4593474/ I found this that says no
    miss_nevin

    Answer by miss_nevin at 7:56 PM on Aug. 23, 2010

  • 6. Recapture: Buyers have to own the home for at least three years in order to capitalize on the credit. If they sell the home before then, they will have to return the credit to the government. (Exceptions will be made in certain cases, such as death or divorce.)


    Look like you have to live in the home at least 3 years. 

    musicmom08

    Answer by musicmom08 at 8:11 PM on Aug. 23, 2010

  • okay maybe im stupid my english isnt that great but says exceptions will be made in cases such as death or divorce wouldnt that mean no she wouldnt have to pay it back
    miss_nevin

    Answer by miss_nevin at 8:23 PM on Aug. 23, 2010

  • No
    mamaofficer

    Answer by mamaofficer at 8:31 PM on Aug. 23, 2010

  • BUMP

    I honestly don't know!
    Erica_Smerica

    Answer by Erica_Smerica at 7:35 AM on Aug. 24, 2010

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN