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How does the seller financing work as far as taxes
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TOPIC: How does the seller financing work as far as taxes
#66
How does the seller financing work as far as taxes 2 Years, 1 Month ago  
if I did a seller financed purchase, would i be able to claim it on my taxes to be able to get the first time owners tax credit?
artwell36
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#67
Re: How does the seller financing work as far as t 2 Years, 1 Month ago  
Yes,

If you buy a house with owner financing and receive a deed (not a contract for deed) you can claim the credit. However, If you rent to own then you can only claim credit at the time when the title transfers into your name.
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