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Get your taxes done using TurboTax
@jwg03 = doesn't it work out either way?
if the builder states he took the credit, then presumably he was able to lower the price of the home offered to you by the amount of the credit, so you got the benefit in the selling price.
if the busilder didn;t take the credit, then presumably he would have sold the home at a higher price amd then you get the same benefit by obtainin g the credit yourself.
so in either case above, the net benefit to you is the same.
The IRS is not going to pay the credit twice, 😁
July 6, 2023
3:11 AM
2,535 Views