Oh Baby! Posted February 10, 2010 Report Posted February 10, 2010 Assuming the you hold on to the property, will the $8,000 credit from the IRS be taxable in later years? The $4,500 from the cash for junkers is going to be taxable. I am wondering if this is going to be treated in the same way. Anyone know? Quote
kcjenkins Posted February 10, 2010 Report Posted February 10, 2010 No to BOTH. Cash for Clunkers is not going to be taxable. The second and third FTHBC are not taxable, only the first one was. Quote
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