HA if the home is paid for or if the minister is paying cash as he builds?
My husband is a qualifying minister and we normally receive HA for our current home which has a mortgage. If we sell and use our equity to build and pay for a new home would we lose our HA since we would not have a mortgage or rent?
And my second question is during the years we are building a house could we deduct the cost of building(assuming we pay cash as we go)as HA for those years until the home was finished?
I realize the amount of HA would have to be set at the beginning of each year.
Comments for HA if the home is paid for or if the minister is paying cash as he builds?