1753189
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

GS123
Returning Member

Hello, We got the 1st time buyer prog. from VHDA And we are thinking of selling our house, are we going to pay a penalty based on the capture tax formula. Please advise,

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Hello, We got the 1st time buyer prog. from VHDA And we are thinking of selling our house, are we going to pay a penalty based on the capture tax formula. Please advise,

Go to this website for information on selling your home and you have a VHDA Mortgage Credit Certificate (or MCC) - https://www.vhda.com/Homebuyers/VHDAHomeLoans/Pages/RecaptureTax.aspx

View solution in original post

1 Reply

Hello, We got the 1st time buyer prog. from VHDA And we are thinking of selling our house, are we going to pay a penalty based on the capture tax formula. Please advise,

Go to this website for information on selling your home and you have a VHDA Mortgage Credit Certificate (or MCC) - https://www.vhda.com/Homebuyers/VHDAHomeLoans/Pages/RecaptureTax.aspx

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question