000 first time buyer tax credit: The $8,000 Question: Do Mobile Homes Count towards the First-Time Homebuyer Tax Credit?
- 09/25/09 09:39 AM
There has been a lot of confusion surrounding how mobile homes play into the first-time buyer tax credit. For the first several months after the tax credit was announced, I heard conflicting information from a variety of national real estate and tax experts. Several said that a mobile home owner could buy a house and get the credit. They touted the line of reasoning that many of us in the industry first expected would hold the answer; since a mobile home is not real property, the owners would be considered first-time buyers and could claim the credit. However, when I had … (5 comments)
There has been a lot of confusion surrounding how mobile homes play into the first-time buyer tax credit. For the first several months after the tax credit was announced, I heard conflicting information from a variety of national real estate and tax experts. Several said that a mobile home owner could buy a house and get the credit. They touted the line of reasoning that many of us in the industry first expected would hold the answer; since a mobile home is not real property, the owners would be considered first-time buyers and could claim the credit.;)
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