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Is a taxpayer who purchases a mobile home and places the home on leased land eligible for the first-time homebuyer credit?

April 26, 2017eligible first-time Home homebuyer land leased Mobile home purchases taxpayer

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Is a taxpayer who purchases a mobile home and places the home on leased land eligible for the first-time homebuyer credit?

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A. Yes. A mobile home may qualify as a principal residence and it is not necessary that the taxpayer own the land to qualify for the first-time homebuyer credit.