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Chica
Can i claim the homebuyer credit if it is also an investment property?
I purchased a 4 plex that is also my first home purchase but not my husbands. While we were married he purchased a home but it is only under his name. We are still married but we have separate investments and purchases can i claim the homebuyer credit next year and also claim it as an investment property. We are selling the home he purchased and moving into one of the units at the 4 plex that i purchased. We qualified for an FHA loan because this purchase was going to be our home also so I'm hoping that will help us qualify for the homebuyer credit.
The homebuyer credit has expired. There is no credit available to anyone as of now.
Neither you nor your spouse are considered first-time homebuyers and would not have qualified for a credit.
Bostonian In MO
Since you are married, BOTH must qualify for the credit regardless of whose names are on the property. He does not qualify as a first time buyer and you don't qualify as a repeat buyer, so nobody qualifies at all for anything. Sorry.
Judy
No. Since your husband doesn't qualify, you don't either. Your name not being on the other house doesn't change that.
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