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    graul1's Avatar
    graul1 Posts: 1, Reputation: 1
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    #1

    Mar 30, 2010, 11:16 AM
    I owned a manufactured home and bought a new home in 09 can I get the tax credit
    I purchased a new home in 2009. I owned a manufactured home that had a title, will I be eligible for the first time homebuyers credit. The manufactured home was in a community on leased land.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Mar 31, 2010, 09:00 PM

    This credit is available for first time home buyers and those who did not own home in last three years. So you owned the home.

    You may be eligible for replacement home credit. Long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased. Replacement home must be purchased in the period from November 6, 2009 to April 10, 2010. Your U.S. Tax Return: First-Time Homebuyer Credit

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