How can two unmarried buyers allocate the Worker, Homeownership and Business Assistance Act of 2009 if one qualifies for the $8,000 first time home buyer tax credit and the other qualifies for the $6500 repeat homebuyer credit. The buyers can allocate the tax credit in any reasonable manner, provided neither claims a tax credit higher than the one they qualify for adn the home purchase does not yield a total of more than $8,000 in tax credits. For example, the repeat home buyer could claim $6,500 adn the first-time home buyer could claim $!,500. Alternatively, both buyers could claim a $4,000 tax credit.
How can two unmarried buyers allocate the Worker, Homeownership and Business Assistance Act of 2009
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