I just got my $8000 first time homebuyer tax refund check in the mail and i may be getting married in spring of next year.....if I add my spouse to the deed, will that have any affect on my already received tax refund?

9/17/2010 3:00:54 PM

You will go to prison for defrauding the government.

9/17/2010 3:18:51 PM

Call the IRS Help number. You can find it on irs.gov. You'd be a fool to take tax advice here.

9/17/2010 3:23:23 PM

I know it doesn't answer your question explicitly but:

Quote :

"S1. If a single person (Taxpayer A) qualifies as a first-time homebuyer at the time he/she purchases a home with someone (Taxpayer B) that is not a first-time homebuyer and then later that year they marry each other, is the credit still allowed? A. Eligibility for the first-time homebuyer credit is determined on the date of purchase. If Taxpayer A, a first-time homebuyer, buys a house and then later that year marries Taxpayer B, not a first-time homebuyer, the credit is allowable to Taxpayer A. Taxpayer A may take the maximum credit."

http://www.irs.gov/newsroom/article/0,,id=206294,00.html

Once you get married the house is 1/2 his anyways, deed or not, the way I understand it.

[Edited on September 17, 2010 at 3:36 PM. Reason : but yeah talk to a tax person to be sure]

9/17/2010 3:32:57 PM

^ thanks for the link above. I searched high and low everywhere but could not find the specific info on that.

And I doubt there is any defrauding going on here since it's not like I was married and lied about it.

9/17/2010 6:23:06 PM

Quote :

"Once you get married the house is 1/2 his anyways, deed or not, the way I understand it."

Only in community property states.

9/19/2010 1:23:18 PM

Why don't you get married without acknowledgment from the state. Government has nothing to do with marriage. Marriage is a religious idea/concept.

The money you save in taxes isn't worth the headache and drama of a high probability divorce.

[Edited on September 19, 2010 at 1:29 PM. Reason : .]

9/19/2010 1:29:05 PM

^^That's true if she outright buys the property or is gifted the property. If they will be paying a mortgage, the court (in nc) will view the equity accrued after the marriage as "marital property."

Quote :

"Active Efforts Create Marital Property When there is an increase in value of the separate property and that increase is due to the efforts of the owner spouse (“active efforts”), then the increase in value should be classified as marital property and subject to distribution to the parties. With respect to real property, active efforts include payment on the mortgage with income earned during the marriage or increasing the value of the home through additional improvements paid for with income earned during the marriage or with sweat equity."

http://www.northcarolinafamilylawnews.com/

Once you're married the total income is seen as 50/50 and any equity built is going to be split after the marriage (exact amount TBD by a multitude of factors). So yeah he wouldn't be able to get any of the down payment and the equity accrued up to the point they got married (if they get divorced, but hopefully they don't).

[Edited on September 20, 2010 at 3:22 PM. Reason : ]

[Edited on September 20, 2010 at 3:24 PM. Reason : ]

9/20/2010 3:15:19 PM