DF2 wrote:
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If the condo is a second residence, then the answer is no. It's only
for the principal residence of a first time home buyer, defined as
someone who hasn't owned a principal residence in the last three years.

ChEAr$,
Harlan Lunsford, EA n LA

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Can it be used for Multi family home?
"DF2" <replyvia[at]newsgroup_please.com> wrote in message
news:fl9tb49mrr8ovatqfimqvp3ssbs30u0j37[at]4ax.com...
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In misc.taxes.moderated, Chris Ruehrwein wrote:

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Yes, but it is still not an actual credit. It's a 0-interest loan.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Can the first time home buyer tax credit of 7500 be used for a Condo?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >