The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Qualified for "first time homebuyer" d Date:  5/29/1999  3:37 PM
Author:  JackBrosch Number:  15847 of 127616

In about 1984 I purchased a home in Rio Linda, Calif. I have not lived in this house since 1992.  I keep the house as investment property.  I married my current wife in 1996 and she has not owned a house in at least the last 20 years.  We anticipate a $4,000 distribution to pay for half the closing costs on the house. 

Here is the $64,000 question - ok $400 question - Do we qualify for a "first time homebuyer deduction" ??
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us