8,000 tax credit

[jared81]

Hello,

i own a home that i purchased before my wife and i got married. we are purchasing another home, but in her name only. she is a first time homeowner. what loopholes can i take advantage of that would allow her to get the $8,000 tax credit.

[FlyingRon]

A married couple is only eligible if both meet the first time homeowner test. Even with it in her name alone, she is not eligible.

[Who's Liable?]

she MAY be eligible...

We need additional information... Combined yearly income and year in which the OP bought their home...

[FlyingRon]

The husband owns a house NOW (and presumably sometime in the past three years it was his principal residence). He wants his wife to get the credit for an additional house if I understand him correctly.
They don't qualify for the 2009 ($8000) tax credit. If he purchased in 2008, he MIGHT qualify for the credit on his other house, but he didn't ask about that.