http://lending-solutions.net/homebuyer-tax-credit-and-irs-form-5404/ Where advice does make a difference Fri, 13 May 2011 13:40:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://lending-solutions.net/homebuyer-tax-credit-and-irs-form-5404/comment-page-1/#comment-294 Darrell Dinkel Fri, 13 May 2011 13:40:13 +0000 http://lending-solutions.net/?p=462#comment-294 My wife and I bought a terribly distressed home last April for $249,000, put nearly $200,000 into repairs from my sons equity in a home he owned for 13 years, and then sold the home to him and his wife for exactly what we paid for it. It is documented and recored, completely arms length transaction. Our CPA is claiming that we cannot take the second homebuyer credit becasue we are releated. Other CPA's we have spoken with differ with him on this issue. What is your take? My wife and I bought a terribly distressed home last April for $249,000, put nearly $200,000 into repairs from my sons equity in a home he owned for 13 years, and then sold the home to him and his wife for exactly what we paid for it. It is documented and recored, completely arms length transaction. Our CPA is claiming that we cannot take the second homebuyer credit becasue we are releated. Other CPA’s we have spoken with differ with him on this issue. What is your take?

]]> http://lending-solutions.net/homebuyer-tax-credit-and-irs-form-5404/comment-page-1/#comment-208 Daniel Fri, 17 Dec 2010 13:40:43 +0000 http://lending-solutions.net/?p=462#comment-208 great post, thanks for sharing great post, thanks for sharing

]]> http://lending-solutions.net/homebuyer-tax-credit-and-irs-form-5404/comment-page-1/#comment-43 Jeff Green Tue, 26 Jan 2010 16:42:24 +0000 http://lending-solutions.net/?p=462#comment-43 Jeff, this good information is an excellent resource for first time home buyers. Keep up the great site. Very helpful. Jeff, this good information is an excellent resource for first time home buyers. Keep up the great site. Very helpful.

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