waynegib[at]gmail.com wrote:
- quote -

Yes.

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I purchased a home in August of last year and this is my first home,
however, I put my mother's name on the home too so I am the primary
and she is the joint owner. But she currently owns a home. Would I
still be able to qualify for the $7500 tax loan? The home cost about
$600,000.

I was wondering if I could do something like I own half the home and
that by itself would qualify for the $7500 tax loan credit since $7500
is the lower amount between $7500 and 10% of the home purchase price.
The reality is I paid for the entire home myself but I just added my
mother's name to get approved for the loan.

Thanks for any advice you may provide.

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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. > << ------------------------------------------------------- >