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Based on the purchase price. To qualify for the homestead credit in indiana, you must reside in your own home, which. Down payment assistance (dpa) of 6.0%.
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If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases). Tax rates are usually up to 15%, so an example of this is: This publication explains the tax rules that apply when you sell or otherwise give up ownership of a home.
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