Comments on: How to Claim the First-Time Homebuyer Tax Credit http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/ personal finance tips, tricks, and commentary Mon, 13 Feb 2012 18:22:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: James http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-8/#comment-213062 James Sun, 06 Mar 2011 01:31:37 +0000 http://www.fivecentnickel.com/?p=3106#comment-213062 I bought my house from a related party in June of 2010. Can I claim the first time home buyer credit? I bought my house from a related party in June of 2010. Can I claim the first time home buyer credit?

]]> By: AmeriCelt Catholic http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-8/#comment-208692 AmeriCelt Catholic Mon, 07 Feb 2011 03:13:27 +0000 http://www.fivecentnickel.com/?p=3106#comment-208692 I am trying to file 2009 taxes for my housemate and find that I cannot use the 2008 revision of 5405, and apparently I ALSO cannot use the December 2010 revision; however, I cannot find the February 2010 revision anywhere. I am wondering, though, if my housemate is eligible to claim the credit on the 2009 return. She has never owned a home, by herself or with anyone else. In February 2009, my mother, with whom I co-owned our house (joint tenancy), died. I removed my mother's name from the deed and added my housemate as joint tenant. My housemate contributed quite a large amount of money to me in consideration of this, so she certainly can be said to have bought her share of the house, but she is not on the mortgage. We only have the joint tenancy deed to prove the transaction. I am trying to file 2009 taxes for my housemate and find that I cannot use the 2008 revision of 5405, and apparently I ALSO cannot use the December 2010 revision; however, I cannot find the February 2010 revision anywhere.

I am wondering, though, if my housemate is eligible to claim the credit on the 2009 return. She has never owned a home, by herself or with anyone else. In February 2009, my mother, with whom I co-owned our house (joint tenancy), died. I removed my mother’s name from the deed and added my housemate as joint tenant. My housemate contributed quite a large amount of money to me in consideration of this, so she certainly can be said to have bought her share of the house, but she is not on the mortgage. We only have the joint tenancy deed to prove the transaction.

]]> By: SAHNEI http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-201492 SAHNEI Wed, 05 Jan 2011 22:02:43 +0000 http://www.fivecentnickel.com/?p=3106#comment-201492 I WANT TO BUY A HOME. I AM MARRIED. MY HUSBAND HAS A HOME IN HIS NAME, WHICH HE BOUGHT WHILE WE WERE MARRIED. I HAVE NO REAL ESTATE IN MY NAME. I AM NOT A CO-SIGNER ON HIS MORTGAGE AT ALL. AM I CONSIDERED A FIRST TIME HOME BUYER THAT CAN QUALIFY FOR GRANT MONIES OR AID PROGRAMS? I WANT TO BUY A HOME. I AM MARRIED. MY HUSBAND HAS A HOME IN HIS NAME, WHICH HE BOUGHT WHILE WE WERE MARRIED. I HAVE NO REAL ESTATE IN MY NAME. I AM NOT A CO-SIGNER ON HIS MORTGAGE AT ALL. AM I CONSIDERED A FIRST TIME HOME BUYER THAT CAN QUALIFY FOR GRANT MONIES OR AID PROGRAMS?

]]> By: ish g http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-187852 ish g Sun, 31 Oct 2010 09:45:02 +0000 http://www.fivecentnickel.com/?p=3106#comment-187852 I bought a home in February 2009. I never filed for the first time home buyer Tax credit because i didn't work in 2009.I worked in 2008 filed a tax return in january 2009. I co-own an old mobilehome at the time with my brother. I was wondering if i still qualify to get a first time home tax credit? anyone respond if you know . I bought a home in February 2009. I never filed for the first time home buyer Tax credit because i didn’t work in 2009.I worked in 2008 filed a tax return in january 2009.
I co-own an old mobilehome at the time with my brother.

I was wondering if i still qualify to get a first time home tax credit?

anyone respond if you know .

]]> By: Laughing Seagull http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-176962 Laughing Seagull Wed, 01 Sep 2010 23:11:40 +0000 http://www.fivecentnickel.com/?p=3106#comment-176962 Has anyone received their First Time Homebuyers Credit? We just purchased a house this past March 19, 2010 ... sent in all the necessary forms/documents to the IRS. IRS sent us a notice that we were refused this credit because we owned a 5th Wheel Travel Trailer in 2008. Has anyone received their First Time Homebuyers Credit?

We just purchased a house this past March 19, 2010 … sent in all the necessary forms/documents to the IRS.

IRS sent us a notice that we were refused this credit because we owned a 5th Wheel Travel Trailer in 2008.

]]> By: Donna http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-171361 Donna Mon, 02 Aug 2010 00:55:16 +0000 http://www.fivecentnickel.com/?p=3106#comment-171361 I would like the answer to question #321. I inherited a paid for house from my parents and now want to buy another house but keep this one too. How do I do this. Thanks I would like the answer to question #321. I inherited a paid for house from my parents and now want to buy another house but keep this one too. How do I do this.
Thanks

]]> By: wilder boar http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-170891 wilder boar Thu, 29 Jul 2010 05:34:43 +0000 http://www.fivecentnickel.com/?p=3106#comment-170891 Personally, with any IRS rebate on homes, housing offered, I'd never commingle any remodel, building conversion, non straight one person new purchase mortgage claim on any IRS form.I think these rebate offers will be disappearing in the future, anyhow. The IRS processing of them, and new Fed laws have prooved a fiasco for way many angering them, a failure in some instances for the needy(any of us). Best be done without them in the future. Let the housing market correct itself. And the Fed can still FORCE the lenders market to qualify good-intended buyers, with some record of trying hard to pay, despite the economic depression onset in 2008. It was already ingear and apparent to the savvy from August, 2006 onwards. It just snapped failure quickly in 2008. I saw Prescott,AZ on the chasm of fall in August, 2007 and decided not build a small kit house on a cheap lot in the county. And then it fell, hard, fast, way down. They still haven't gotten the idea, with so MANY in an overglutted market still up for sale. Caveat Emptor, wait, wait, wait, watch like hawks eyes. The high 'asking' prices scare the the buyers AWAY. Avoid Realtor shake-downs of you as the Buyer.So many Sellers willing now to negotiate directly with the Buyer There is a huge differential between listing and selling prices, IF there is a sale in the majority of cases. Wait, offer LOW. Get it legally, legitimately and get in on the LAST home buyers IRS rebate.Otherwise don't, you won't. Anywhere USA. Personally, with any IRS rebate on homes, housing offered, I’d never commingle any remodel, building conversion, non straight one person new purchase mortgage claim on any IRS form.I think these rebate offers will be disappearing in the future, anyhow. The IRS processing of them, and new Fed laws have prooved a fiasco for way many angering them, a failure in some instances for the needy(any of us). Best be done without them in the future.
Let the housing market correct itself. And the Fed can still FORCE the lenders market to qualify good-intended buyers, with some record of trying hard to pay, despite the economic depression onset in 2008. It was already ingear and apparent to the savvy from August, 2006 onwards. It just snapped failure quickly in 2008. I saw Prescott,AZ on the chasm of fall in August, 2007 and decided not build a small kit house on a cheap lot in the county. And then it fell, hard, fast, way down. They still haven’t gotten the idea, with so MANY in an overglutted market still up for sale. Caveat Emptor, wait, wait, wait, watch like hawks eyes. The high ‘asking’ prices scare the the buyers AWAY. Avoid Realtor shake-downs of you as the Buyer.So many Sellers willing now to negotiate directly with the Buyer There is a huge differential between listing and selling prices, IF there is a sale in the majority of cases. Wait, offer LOW. Get it legally, legitimately and get in on the LAST home buyers IRS rebate.Otherwise don’t, you won’t. Anywhere USA.

]]> By: wilder boar http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-170871 wilder boar Thu, 29 Jul 2010 05:20:20 +0000 http://www.fivecentnickel.com/?p=3106#comment-170871 Spoke via phone with my IRS TAS agent, yesterday.I'm going to wait a bit to see if it really happens-my rebate.Otherwise I will file suit well before Sept. 30.She knows my hardship circumstances intimately and is working on cutting through to get my refund out. I have NOTHING to say for the regular IRS agents any of you get on the phone over and over.If you have special health, low income circumtances, try to get a better TAS agent. The IRS is woefully wrong, often, choosingly, selectively.I'll keep everyone posted on what happens in my case. Waiting, patient, ready. Spoke via phone with my IRS TAS agent, yesterday.I’m going to wait a bit to see if it really happens-my rebate.Otherwise I will file suit well before Sept. 30.She knows my hardship circumstances intimately and is working on cutting through to get my refund out.
I have NOTHING to say for the regular IRS agents any of you get on the phone over and over.If you have special health, low income circumtances, try to get a better TAS agent. The IRS is woefully wrong, often, choosingly, selectively.I’ll keep everyone posted on what happens in my case. Waiting, patient, ready.

]]> By: wilder boar http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-170551 wilder boar Tue, 27 Jul 2010 03:50:20 +0000 http://www.fivecentnickel.com/?p=3106#comment-170551 CAVEAT EMPTOR now pointing at the fraudulent actions of the IRS sending(typical of what they have sent many others-have extensively read the blogs on different sites)'excuse' letters such as they didn't have your current address(duh-they sent the letter here and you received it?), you owned a home in the last several years(right-in the 1980's,rented since until I bought and closed then in November, 2009). I'm going for a broad based tax lawyer to SUE to IRS(way too late sending my refund-many, many months-some people persist in using just IRS contacts and wait up to two years as the GOV doesn't have the money)for legal fees, my legal, legitimate rebate(as the GOV advertised-that's why many of us bought when we did!), and interest plus any other specific damages. The IRS is 'offering' that $6,500 rebate now, and hasn't come clean on former offered rebates, has not been investigated and exposed for THEIR INTERNAL FRAUD, nor paid out of prior 'offerings' in full. CAVEAT EMPTOR! CAVEAT EMPTOR now pointing at the fraudulent actions of the IRS sending(typical of what they have sent many others-have extensively read the blogs on different sites)’excuse’ letters such as they didn’t have your current address(duh-they sent the letter here and you received it?), you owned a home in the last several years(right-in the 1980’s,rented since until I bought and closed then in November, 2009).
I’m going for a broad based tax lawyer to SUE to IRS(way too late sending my refund-many, many months-some people persist in using just IRS contacts and wait up to two years as the GOV doesn’t have the money)for legal fees, my legal, legitimate rebate(as the GOV advertised-that’s why many of us bought when we did!), and interest plus any other specific damages.
The IRS is ‘offering’ that $6,500 rebate now, and hasn’t come clean on former offered rebates, has not been investigated and exposed for THEIR INTERNAL FRAUD, nor paid out of prior ‘offerings’ in full.
CAVEAT EMPTOR!

]]> By: doll http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-167131 doll Fri, 09 Jul 2010 15:58:46 +0000 http://www.fivecentnickel.com/?p=3106#comment-167131 has anyone recive ltr86c ? has anyone recive ltr86c ?

]]> By: paula http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-162411 paula Wed, 09 Jun 2010 02:21:20 +0000 http://www.fivecentnickel.com/?p=3106#comment-162411 My son and his wife have been in the process of purchasing a new home since april or 2009. It is a custom modular on their land. They have not closed on the home yet , but have been granted temporary occupancy. They will close within a week or so. They filed their taxes with H&R Block in April and H&R Block filed the form for the $8000 rebate. They received a letter today from the IRS saying they were denied the rebate because they had previously claimed either mortgage interest or assistance of some sort. They always file 1040EZ and do not itemize so this is not possible. Is their something that can be done to reverse this or is this a glitch in the system? My son and his wife have been in the process of purchasing a new home since april or 2009. It is a custom modular on their land. They have not closed on the home yet , but have been granted temporary occupancy. They will close within a week or so. They filed their taxes with H&R Block in April and H&R Block filed the form for the $8000 rebate. They received a letter today from the IRS saying they were denied the rebate because they had previously claimed either mortgage interest or assistance of some sort. They always file 1040EZ and do not itemize so this is not possible. Is their something that can be done to reverse this or is this a glitch in the system?

]]> By: Kristin Monge http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-159891 Kristin Monge Fri, 21 May 2010 21:09:43 +0000 http://www.fivecentnickel.com/?p=3106#comment-159891 We just filed for our $6500 on May 5th, 2010 and were told that you cannot file electronically because you have to send in a copy of the HUD from buying your house and also documentation showing that you've owned a home for at least 5 out of the last 8 years. This is why it's going to take longer than usual to receive our refund back. I'm hoping it doesn't take much longer than a month. . it doesn't really feel like this $6500 rebate is really helping towards anyone's downpayment when you can't even get your hands on the money until well AFTER you purchased the home. However, I don't see how you can apply until you've bought the home because of needing that HUD statement. . it would be completely impossible. We just filed for our $6500 on May 5th, 2010 and were told that you cannot file electronically because you have to send in a copy of the HUD from buying your house and also documentation showing that you’ve owned a home for at least 5 out of the last 8 years. This is why it’s going to take longer than usual to receive our refund back. I’m hoping it doesn’t take much longer than a month. . it doesn’t really feel like this $6500 rebate is really helping towards anyone’s downpayment when you can’t even get your hands on the money until well AFTER you purchased the home. However, I don’t see how you can apply until you’ve bought the home because of needing that HUD statement. . it would be completely impossible.

]]> By: Terri http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-156251 Terri Tue, 04 May 2010 21:28:12 +0000 http://www.fivecentnickel.com/?p=3106#comment-156251 I signed the loan documents on my new home on December 29, 2008 and I received the $7,500 tax credit which I am supposed to pay back beginning in 2010. Then they passed the $8,000 tax credit for homes purchased on January 1, 2009. Since there is only a 2 day gap in the purchase of my home, do I still have to pay the $7,500 back over a 15 year period or will there be an amendment to this? I signed the loan documents on my new home on December 29, 2008 and I received the $7,500 tax credit which I am supposed to pay back beginning in 2010. Then they passed the $8,000 tax credit for homes purchased on January 1, 2009. Since there is only a 2 day gap in the purchase of my home, do I still have to pay the $7,500 back over a 15 year period or will there be an amendment to this?

]]> By: alexandra http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-152961 alexandra Fri, 16 Apr 2010 23:39:59 +0000 http://www.fivecentnickel.com/?p=3106#comment-152961 Here's a problem I didn't see posted: My husband and I are young, 23, and just bought our first home in August 2009. We purchased our home for $60,000 (which my sister in D.C. was shocked about, this can actually buy you a nice house in parts of PA). Because I am a student, my parents claimed me as a dependent on their tax return. For this reason, my name is also not on the mortgage for our new home and I therefore have no entitlement to the home buyer tax credit. My husbands tax preparer fills out the paper work and says that he is only entitled to $4,000 since we are married and filing separately. This I understand if both are entitled to the credit, but in this case, I am not. According to this program, he should be entitled $6,000 but according to the tax form and his tax preparer he is only entitled to $4000. I wasnt letting it go through until I found more information so we filed an extension. When your a grad student, you will fight tooth and nail for $2000 ha. Any advice? Here’s a problem I didn’t see posted:

My husband and I are young, 23, and just bought our first home in August 2009. We purchased our home for $60,000 (which my sister in D.C. was shocked about, this can actually buy you a nice house in parts of PA). Because I am a student, my parents claimed me as a dependent on their tax return. For this reason, my name is also not on the mortgage for our new home and I therefore have no entitlement to the home buyer tax credit. My husbands tax preparer fills out the paper work and says that he is only entitled to $4,000 since we are married and filing separately. This I understand if both are entitled to the credit, but in this case, I am not. According to this program, he should be entitled $6,000 but according to the tax form and his tax preparer he is only entitled to $4000. I wasnt letting it go through until I found more information so we filed an extension. When your a grad student, you will fight tooth and nail for $2000 ha. Any advice?

]]> By: Ramona http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-150631 Ramona Tue, 06 Apr 2010 03:34:40 +0000 http://www.fivecentnickel.com/?p=3106#comment-150631 I bought a house that was half burned March 14, 2008.Would the move in date be the purchase date like it is for a newly constructed house? I bought a house that was half burned March 14, 2008.Would the move in date be the purchase date like it is for a newly constructed house?

]]> By: Don McAnally http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-146861 Don McAnally Mon, 22 Mar 2010 01:11:22 +0000 http://www.fivecentnickel.com/?p=3106#comment-146861 I put a contract on my house in December 2009. Closed in January 2010 what year can I claim my first home buyer tax credit? My house was $320,000.00 How much credit should I expect? I put a contract on my house in December 2009. Closed in January 2010 what year can I claim my first home buyer tax credit? My house was $320,000.00 How much credit should I expect?

]]> By: Brian http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-141461 Brian Sat, 27 Feb 2010 13:56:25 +0000 http://www.fivecentnickel.com/?p=3106#comment-141461 I am curious about something. My fiancee and I bought a house in 9/2009 for $287,000. She has never owned a home, while I have owned one in the last two years. My credit is better than hers, so the mortgage is in my name, but she is on the Deed of Trust, with joint ownership and right of survivorship. Can she claim the full $8000 tax credit even though she's not on the mortgage? I am curious about something. My fiancee and I bought a house in 9/2009 for $287,000. She has never owned a home, while I have owned one in the last two years. My credit is better than hers, so the mortgage is in my name, but she is on the Deed of Trust, with joint ownership and right of survivorship. Can she claim the full $8000 tax credit even though she’s not on the mortgage?

]]> By: jason http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-141331 jason Fri, 26 Feb 2010 21:14:09 +0000 http://www.fivecentnickel.com/?p=3106#comment-141331 What could be the penilty if you apply for the 6500 credit and you are not eligible. We closed on sep 27th 09, about 40 days short of the nov 7th start date. thanks What could be the penilty if you apply for the 6500 credit and you are not eligible. We closed on sep 27th 09, about 40 days short of the nov 7th start date.
thanks

]]> By: Holly http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-141211 Holly Fri, 26 Feb 2010 14:58:58 +0000 http://www.fivecentnickel.com/?p=3106#comment-141211 My husband and I purchased a bank owned home in 2009. I need to prove we purchased the home with my hud closing cost form. However the only signitures on this form are my husbands, mine, and the closing agent. There is no seller signiture. Is this going to be a problem for my tax return? My husband and I purchased a bank owned home in 2009. I need to prove we purchased the home with my hud closing cost form. However the only signitures on this form are my husbands, mine, and the closing agent. There is no seller signiture. Is this going to be a problem for my tax return?

]]> By: Jose http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-140653 Jose Mon, 22 Feb 2010 16:47:51 +0000 http://www.fivecentnickel.com/?p=3106#comment-140653 I bought my first house in May 2006 and sold it last year in may 2009. I just bought a house in January 2010 do I qualify for First-Time HomeBuyer Tax Credit. I bought my first house in May 2006 and sold it last year in may 2009. I just bought a house in January 2010 do I qualify for First-Time HomeBuyer Tax Credit.

]]> By: greg http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-140059 greg Thu, 11 Feb 2010 21:39:34 +0000 http://www.fivecentnickel.com/?p=3106#comment-140059 Me(1st time buyer) and my wife(owned before) were advised that we would get the 8000 if the loan was just in my name. Professional people such as our bank loan person, realtor, accountant, lawyer--nobody had concerns about us getting the credit. Guess what? We got a letter saying we were not approved. This is misleading and ridiculous. Screws us majorly. Me(1st time buyer) and my wife(owned before) were advised that we would get the 8000 if the loan was just in my name. Professional people such as our bank loan person, realtor, accountant, lawyer–nobody had concerns about us getting the credit. Guess what? We got a letter saying we were not approved. This is misleading and ridiculous. Screws us majorly.

]]> By: Frank http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139938 Frank Tue, 09 Feb 2010 19:26:43 +0000 http://www.fivecentnickel.com/?p=3106#comment-139938 If i buy a house cash for less than $13,000. can i still file the 10% or do i have to be paying mortgage? If i buy a house cash for less than $13,000. can i still file the 10% or do i have to be paying mortgage?

]]> By: Jim http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139936 Jim Tue, 09 Feb 2010 19:24:36 +0000 http://www.fivecentnickel.com/?p=3106#comment-139936 I am single and 22 years old. I just built my own house, moved in Nov 2009. There was no loan, no realtor, no bank. I paid cash for all materials and my Dad and I provided the labor. I have copies of all my receipts which amount to around $15,000 in materials. Can I claim this credit? If so, do I get credit for any of my labor when figuring the purchase price? Also, what documentation am I required to send in with my tax return? Thanks. I am single and 22 years old. I just built my own house, moved in Nov 2009. There was no loan, no realtor, no bank. I paid cash for all materials and my Dad and I provided the labor. I have copies of all my receipts which amount to around $15,000 in materials. Can I claim this credit? If so, do I get credit for any of my labor when figuring the purchase price? Also, what documentation am I required to send in with my tax return? Thanks.

]]> By: Shawn Carlsen http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139876 Shawn Carlsen Tue, 09 Feb 2010 02:59:31 +0000 http://www.fivecentnickel.com/?p=3106#comment-139876 Lauren, I think your tax person is confused. Just because your tax preparer says so ..doesn't mean they are correct. I have rec. credits before on other things...education..energy ..etc. and have never reported as income. I would tell them they are incorrect and you should also get a 2nd opinion from another local place if you stick with this person. Just my thoughts. I have had people from H & R Block mess up my taxes because I own rental units. Somehow that's confusing to them? I started doing taxes myself 3 years ago and have saved 1k in fees from them alone. Maybe I'm wrong, let me know if you find out otherwise because I've never taken this credit before. Cheers! -Shawn Lauren, I think your tax person is confused. Just because your tax preparer says so ..doesn’t mean they are correct. I have rec. credits before on other things…education..energy ..etc. and have never reported as income. I would tell them they are incorrect and you should also get a 2nd opinion from another local place if you stick with this person. Just my thoughts. I have had people from H & R Block mess up my taxes because I own rental units. Somehow that’s confusing to them? I started doing taxes myself 3 years ago and have saved 1k in fees from them alone. Maybe I’m wrong, let me know if you find out otherwise because I’ve never taken this credit before. Cheers!
-Shawn

]]> By: Lauren http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139846 Lauren Mon, 08 Feb 2010 20:34:40 +0000 http://www.fivecentnickel.com/?p=3106#comment-139846 We purchased our home in March, 2009. We filed an amendment to our 2008 tax return to get the credit and received the funds within a few weeks. We went to our tax preparer last week and were told that we have to claim the $8000 as income, and would be taxed as such on the credit. I cannot find information ANYWERE in regards to this, can you please help us? Thanks, Lauren We purchased our home in March, 2009. We filed an amendment to our 2008 tax return to get the credit and received the funds within a few weeks. We went to our tax preparer last week and were told that we have to claim the $8000 as income, and would be taxed as such on the credit. I cannot find information ANYWERE in regards to this, can you please help us?

Thanks,
Lauren

]]> By: Tim http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139738 Tim Fri, 05 Feb 2010 23:29:28 +0000 http://www.fivecentnickel.com/?p=3106#comment-139738 Can i file my taxes for this year, use the money for a downpayment and get the tax credit when i file my taxes next year? Can i file my taxes for this year, use the money for a downpayment and get the tax credit when i file my taxes next year?

]]> By: Yolanda http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139698 Yolanda Fri, 05 Feb 2010 14:13:35 +0000 http://www.fivecentnickel.com/?p=3106#comment-139698 You can use the $8000 tax credit for a down payment and/or closing costs if you apply for the ABC2 Program through NIFA. You can use the $8000 tax credit for a down payment and/or closing costs if you apply for the ABC2 Program through NIFA.

]]> By: dianna http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139590 dianna Wed, 03 Feb 2010 04:14:39 +0000 http://www.fivecentnickel.com/?p=3106#comment-139590 Filed and received the $7500 tax credit on my 2008 taxes (which must be repaid) BUT we did not complete the home and move in until March 2009. Can I now file an amended return to receive the extra $500.00 making me eligble for the $8000 non payment tax credit because of the move in date being in 2009? Filed and received the $7500 tax credit on my 2008 taxes (which must be repaid) BUT we did not complete the home and move in until March 2009. Can I now file an amended return to receive the extra $500.00 making me eligble for the $8000 non payment tax credit because of the move in date being in 2009?

]]> By: Julie http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139570 Julie Tue, 02 Feb 2010 19:36:22 +0000 http://www.fivecentnickel.com/?p=3106#comment-139570 Question: I bought a house Jan 2009, and claimed it on my taxes for 2008. I am married, but filled separate and I am the only one on the loan and title...therefore, I only claimed $4000. I've read that if you file "married filing separately" that the spouse has to claim the other $4000...but hes not on the loan or title, so we didn't claim the other $4000 on his tax return. ***Can I go back and amend and claim the other $4000 on my return??? Question: I bought a house Jan 2009, and claimed it on my taxes for 2008. I am married, but filled separate and I am the only one on the loan and title…therefore, I only claimed $4000. I’ve read that if you file “married filing separately” that the spouse has to claim the other $4000…but hes not on the loan or title, so we didn’t claim the other $4000 on his tax return. ***Can I go back and amend and claim the other $4000 on my return???

]]> By: Edrodel http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139390 Edrodel Fri, 29 Jan 2010 19:15:56 +0000 http://www.fivecentnickel.com/?p=3106#comment-139390 I have a question about first time home buyer... in 1999 my parents, sister and I bought a house, our names are on the title. In 2003 I moved out (got married and had a baby) and rented an apartment. Sept 2009 I bought my own house, my question is... am I a first time home buyer? my name still in the title of my parents house but the mortgage for the last 6 years is on my sister"s and husband name. Do I qualify as a first time buyer? I have a question about first time home buyer… in 1999 my parents, sister and I bought a house, our names are on the title. In 2003 I moved out (got married and had a baby) and rented an apartment. Sept 2009 I bought my own house, my question is… am I a first time home buyer? my name still in the title of my parents house but the mortgage for the last 6 years is on my sister”s and husband name. Do I qualify as a first time buyer?

]]> By: Stephani http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139322 Stephani Thu, 28 Jan 2010 19:38:59 +0000 http://www.fivecentnickel.com/?p=3106#comment-139322 I was inherited my grandmother's house Nov. 2005. My husband and I have lived there since February 2006. We borrowed money to consolidate debt but it did NOT purchase the home. Therefore, I have never bought a home. In August 2009, we purchased a home in another city and moved due to work. Is there anyway we can qualify for the 1st time homebuyer since we DID NOT buy the first home we just used the equity to pay off debts? Thanks. I was inherited my grandmother’s house Nov. 2005. My husband and I have lived there since February 2006. We borrowed money to consolidate debt but it did NOT purchase the home. Therefore, I have never bought a home. In August 2009, we purchased a home in another city and moved due to work. Is there anyway we can qualify for the 1st time homebuyer since we DID NOT buy the first home we just used the equity to pay off debts? Thanks.

]]> By: RAZIA BEGUM http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139258 RAZIA BEGUM Wed, 27 Jan 2010 01:58:54 +0000 http://www.fivecentnickel.com/?p=3106#comment-139258 HI, I brought house 2009 but i don’t work for last two years due to the economic crises. because is hard to find job now days any way also, house price is low so, i just brought one. can i clime for my first time home buyer tax credit? or dose it is required that i have to work oder to get those money Thank You. HI,
I brought house 2009 but i don’t work for last two years due to the economic crises. because is hard to find job now days any way also, house price is low so, i just brought one. can i clime for my first time home buyer tax credit? or dose it is required that i have to work oder to get those money Thank You.

]]> By: cmalony http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-139110 cmalony Mon, 25 Jan 2010 07:27:23 +0000 http://www.fivecentnickel.com/?p=3106#comment-139110 I AM RENTING TO OWN A STORAGE BUILDING THAT I TURNED INTO A CABIN. CAN I CLAIM MATERIALS I USED ON THE 5405 FORM, IT WAS LIKE BUILDING PART OF THE HOME. I HAVE RECEIPTS IS THERE A FORM FOR THEM. THANKS I AM RENTING TO OWN A STORAGE BUILDING THAT I TURNED INTO A CABIN. CAN I CLAIM MATERIALS I USED ON THE 5405 FORM, IT WAS LIKE BUILDING PART OF THE HOME. I HAVE RECEIPTS IS THERE A FORM FOR THEM. THANKS

]]> By: Cynthia http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-138986 Cynthia Fri, 22 Jan 2010 15:19:51 +0000 http://www.fivecentnickel.com/?p=3106#comment-138986 Can we file married filing separately if only spouse purchased house in 2009 to get credit? I did purchase a home withmy friend and my husband is not on the mortgage only on the deed. I am the primary on the mortgage and my friend the second one. How can I claim the $8000 credit filling separately? Thanks Can we file married filing separately if only spouse purchased house in 2009 to get credit? I did purchase a home withmy friend and my husband is not on the mortgage only on the deed. I am the primary on the mortgage and my friend the second one. How can I claim the $8000 credit filling separately? Thanks

]]> By: Jan http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-138874 Jan Wed, 20 Jan 2010 16:28:09 +0000 http://www.fivecentnickel.com/?p=3106#comment-138874 I purchased a house with my fiance back in Sep 2008. I am a first time home buyer, but he was not. The loan is under both names though. We married two months later after the purchase, therefore we filed our 2008 taxes as married. Unfortunately, Jackson Hewitt never advised us of the $8000 First Home Time Buyer Relieve back then, so we never filed for it. So I was wondering if I could still file or my marriage status would affected me since my husband is not a first time buyer. I purchased a house with my fiance back in Sep 2008. I am a first time home buyer, but he was not. The loan is under both names though. We married two months later after the purchase, therefore we filed our 2008 taxes as married.
Unfortunately, Jackson Hewitt never advised us of the $8000 First Home Time Buyer Relieve back then, so we never filed for it. So I was wondering if I could still file or my marriage status would affected me since my husband is not a first time buyer.

]]> By: Shawn http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-138848 Shawn Wed, 20 Jan 2010 01:41:35 +0000 http://www.fivecentnickel.com/?p=3106#comment-138848 My wife and I are current owners of a duplex. We have owned it for 4 years 7 months. We planned on purchasing before April 30th 2010. we are going to fall a couple months short of owning the duplex of their "at least five year" guidlines to receive credit. This kind of ticks me off! I was thinking of just waiting to buy because the government will probably extend their current "coupon" once this one runs out. My wife and I are current owners of a duplex. We have owned it for 4 years 7 months. We planned on purchasing before April 30th 2010. we are going to fall a couple months short of owning the duplex of their “at least five year” guidlines to receive credit. This kind of ticks me off!

I was thinking of just waiting to buy because the government will probably extend their current “coupon” once this one runs out.

]]> By: Andy http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-138676 Andy Sat, 16 Jan 2010 01:17:42 +0000 http://www.fivecentnickel.com/?p=3106#comment-138676 Just putting in the claim for this tax credit in my return and found that it has to be manually claimed. Painful, but for 8K it is worth it. Just putting in the claim for this tax credit in my return and found that it has to be manually claimed. Painful, but for 8K it is worth it.

]]> By: Jan Williams http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-138186 Jan Williams Sun, 10 Jan 2010 13:20:48 +0000 http://www.fivecentnickel.com/?p=3106#comment-138186 closed on house december 30th 2009. Should I just wait til I due my taxes at end of January, or should I do something now ? Also my mom past away last spring. I bought this house from the estate. Do I still qualify? closed on house december 30th 2009. Should I just wait til I due my taxes at end of January, or should I do something now ? Also my mom past away last spring. I bought this house from the estate. Do I still qualify?

]]> By: joel http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-138146 joel Sun, 10 Jan 2010 03:27:09 +0000 http://www.fivecentnickel.com/?p=3106#comment-138146 My fiance and I purchased a house this week. We qualify for the credit but we are not married. Do we check box 3 of the 5405, "A first-time homebuyer, enter $8,000 ($4,000 if married filing separately)". And do we both fill out a separate form? My fiance and I purchased a house this week. We qualify for the credit but we are not married. Do we check box 3 of the 5405, “A first-time homebuyer, enter $8,000 ($4,000 if married filing separately)”. And do we both fill out a separate form?

]]> By: Butch http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-137806 Butch Mon, 04 Jan 2010 20:16:47 +0000 http://www.fivecentnickel.com/?p=3106#comment-137806 I was divorced in Jan 2009. My x-wife was awarded our home that we lived in together for 10 years. Now single, I purchased a new home in my name only in Sept of 2009. Will I qualify for any tax refund? Thanks I was divorced in Jan 2009. My x-wife was awarded our home that we lived in together for 10 years. Now single, I purchased a new home in my name only in Sept of 2009. Will I qualify for any tax refund? Thanks

]]> By: KG http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-137782 KG Mon, 04 Jan 2010 15:19:23 +0000 http://www.fivecentnickel.com/?p=3106#comment-137782 I have read this whole thread and have gotten mixed answers for the question I am about to ask. It is obvious that it may be "wrong" to file for the tax credit when you are only under contract on the home, but the fact is that it has been happening and is possible without any consequences as long as you do end up closing within the timeframe that IRS has made (before June 30 2010), so therefore I ask, I just became under contract and am scheduled to close on March 1, 2010. I plan on efiling my 2009 taxes on February 1, 2010 after all w2's are received. Obviously I would be one month from closing. I am positive that I will be closing, so that is not a problem. My question is: What do I put on the form? I know the address, but do I put the acquired date of March 1, 2010 or do I put the date I am filing of February 1, 2010 or does the date even matter? I know people has received their monies and am wondering what did they put to get it. I am knowledgable and know that the property has not yet been "acquired", but will be. If they need verification by the time they send that letter I would have it. So I just need to know in order to efile and get the money before I close should I be putting March 1, 2010 as the acquired date or February 1, 2010? Is there anyone else that has done this? and how did it work out? I have read this whole thread and have gotten mixed answers for the question I am about to ask. It is obvious that it may be “wrong” to file for the tax credit when you are only under contract on the home, but the fact is that it has been happening and is possible without any consequences as long as you do end up closing within the timeframe that IRS has made (before June 30 2010), so therefore I ask, I just became under contract and am scheduled to close on March 1, 2010. I plan on efiling my 2009 taxes on February 1, 2010 after all w2’s are received. Obviously I would be one month from closing. I am positive that I will be closing, so that is not a problem. My question is: What do I put on the form? I know the address, but do I put the acquired date of March 1, 2010 or do I put the date I am filing of February 1, 2010 or does the date even matter? I know people has received their monies and am wondering what did they put to get it. I am knowledgable and know that the property has not yet been “acquired”, but will be. If they need verification by the time they send that letter I would have it. So I just need to know in order to efile and get the money before I close should I be putting March 1, 2010 as the acquired date or February 1, 2010?
Is there anyone else that has done this? and how did it work out?

]]> By: Amy http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-137758 Amy Mon, 04 Jan 2010 00:16:49 +0000 http://www.fivecentnickel.com/?p=3106#comment-137758 If you qualify for credit in 2009 and did not do amended for 2008 then have to mail in your 2009 taxes. You cannot efile them. In reading the posts above now I understand why they are doing this. Lots of people getting the credit before buying or in some cases never even bought a home. I would not want to be in the shoes of one of them. Big trouble with IRS. If you qualify for credit in 2009 and did not do amended for 2008 then have to mail in your 2009 taxes. You cannot efile them.

In reading the posts above now I understand why they are doing this. Lots of people getting the credit before buying or in some cases never even bought a home. I would not want to be in the shoes of one of them. Big trouble with IRS.

]]> By: judy http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-137756 judy Sun, 03 Jan 2010 23:47:59 +0000 http://www.fivecentnickel.com/?p=3106#comment-137756 Marge, you are indeed eligible for the tax credit. I am on SS disability, purchased my home in May 09, and received my $8000 in Sep 09. I was chosen for a random review. I don't think there is anything random about them, as I think they are reviewing all claims now, but that is neither here nor there. I am not sure about claiming your car. Good Luck and Congrats! Marge,
you are indeed eligible for the tax credit. I am on SS disability, purchased my home in May 09, and received my $8000 in Sep 09. I was chosen for a random review. I don’t think there is anything random about them, as I think they are reviewing all claims now, but that is neither here nor there. I am not sure about claiming your car. Good Luck and Congrats!

]]> By: marge http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-137746 marge Sun, 03 Jan 2010 20:33:38 +0000 http://www.fivecentnickel.com/?p=3106#comment-137746 IF WE HAVE NO TAXABLE INCOME BUT HAD A 401K CASHED IN AND PAYED TAXES ON THIS BUT MY HUSBAND AND I ARE ON SS DISABILITY. WE PURCHASED OUR FIRST HOME IN JUNE 2009. CAN WE CLAIM THE TAX CREDIT FOR $8000 ALSO CAN WE CLAIM OUR NEW CAR THAT WE PURCHASED IN 2009. IF WE CAN PLEASE LET US KNOW IF WE HAVE NO TAXABLE INCOME BUT HAD A 401K CASHED IN AND PAYED TAXES ON THIS BUT MY HUSBAND AND I ARE ON SS DISABILITY. WE PURCHASED OUR FIRST HOME IN JUNE 2009. CAN WE CLAIM THE TAX CREDIT FOR $8000 ALSO CAN WE CLAIM OUR NEW CAR THAT WE PURCHASED IN 2009. IF WE CAN PLEASE LET US KNOW

]]> By: RENEE http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-137103 RENEE Tue, 15 Dec 2009 18:51:52 +0000 http://www.fivecentnickel.com/?p=3106#comment-137103 Check this crap out: This is how amazing our government works, I filed my amended 2008 return with all back up documentation needed for first time homebuyers and this is what kinda of shit I've been dealing with: 1-800-829-1040 IRS calls WEEK 4 called 10/16 - confirmed receipt on 9/18 only said 9-12 week turn around ----------------------------------------------------- WEEK 5 called 10/23 - nice lady- confirmed receipt 9/18 said 12-16 week turn around, sometimes addl items not reqd when sent gets pitched, then they may re-request. Told her I will call check on status every Fri. ----------------------------------------------------- WEEK 6 call 10/30-Mr. Kirkpatrick 0270509 12-16 weeks - no info --------------------------------------------- WEEK 7 Mrs. Hammer 0730296 Call 11/6 - said 16 weeks for processing again. no add'l info. WEEK 8 Mrs. Massey 0571482 Call 11/13 "12-16 week turn around" Wk 12 Earliest 12/11, Wk 16 Latest 1/8 - no info but in Oct she sees where it was up for possible review. If in review I'll be sent a letter. It is possible if ACH on original return -that ACH may occur on refund. Or check sent within 2 weeks after approved. "they do keep all documents they receive, don't just pitch them and then re-request them". She also confirmed that all info I told her regarding my previous calls are correct,s he sees where I was given wrong info re: 9-12 wks originally. As of July a National Alert went out stating 12-16 weeks. WEEK 9 - 11/20 - NO CALL MADE WEEK 10 - 11/27 - NO CALL MADE WEEK 11 Bill Nazarro 0178645 Call 12/01 "12-16 week turn around" Been assigned to someone in the dept for Review. WEEK 12 MRS. BOHANAN 0270340 Call 12/7 still in review WEEK 13 0201155 Call 12/15 still in review for first time home buyer credit can take up to 180 DAYS from OCT 2! (APRIL!!!!???) I left a message for a supervisor this time because even the IRS.GOV website says they are processing firs time homebuyer credit within 12-16 weeks. Isn't it wonderful to know where all our F-ING tax dollars go to fund such an inadquate FING system. Check this crap out: This is how amazing our government works, I filed my amended 2008 return with all back up documentation needed for first time homebuyers and this is what kinda of shit I’ve been dealing with:
1-800-829-1040 IRS calls
WEEK 4
called 10/16 – confirmed receipt on 9/18 only said 9-12 week turn around
—————————————————–
WEEK 5
called 10/23 – nice lady- confirmed receipt 9/18 said 12-16 week turn around, sometimes addl items not reqd when sent gets pitched, then they may re-request. Told her I will call check on status every Fri.
—————————————————–
WEEK 6
call 10/30-Mr. Kirkpatrick 0270509
12-16 weeks – no info
———————————————
WEEK 7 Mrs. Hammer 0730296
Call 11/6 – said 16 weeks for processing again. no add’l info.

WEEK 8 Mrs. Massey 0571482
Call 11/13 “12-16 week turn around”
Wk 12 Earliest 12/11, Wk 16 Latest 1/8 – no info but in Oct she sees where it was up for possible review. If in review I’ll be sent a letter. It is possible if ACH on original return -that ACH may occur on refund. Or check sent within 2 weeks after approved.
“they do keep all documents they receive, don’t just pitch them and then re-request them”. She also confirmed that all info I told her regarding my previous calls are correct,s he sees where I was given wrong info re: 9-12 wks originally. As of July a National Alert went out stating 12-16 weeks.

WEEK 9 – 11/20 – NO CALL MADE
WEEK 10 – 11/27 – NO CALL MADE

WEEK 11 Bill Nazarro 0178645
Call 12/01 “12-16 week turn around”
Been assigned to someone in the dept for Review.

WEEK 12 MRS. BOHANAN 0270340
Call 12/7
still in review

WEEK 13 0201155
Call 12/15
still in review for first time home buyer credit can take up to 180 DAYS from OCT 2! (APRIL!!!!???) I left a message for a supervisor this time because even the IRS.GOV website says they are processing firs time homebuyer credit within 12-16 weeks.

Isn’t it wonderful to know where all our F-ING tax dollars go to fund such an inadquate FING system.

]]> By: corey craig http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-137030 corey craig Fri, 11 Dec 2009 21:19:42 +0000 http://www.fivecentnickel.com/?p=3106#comment-137030 I singed on bought a house on dec.08.........can I get the tax break of 8,000..........my credit was not good enough so we found a friend that signed all the paper work my name is not on it any where,but I make all the payments to the bank in tenn. I have proof all the check stubs,the invoice the bank sends every thing....Do i still get it.. I singed on bought a house on dec.08………can I get the tax break of 8,000……….my credit was not good enough so we found a friend that signed all the paper work my name is not on it any where,but I make all the payments to the bank in tenn. I have proof all the check stubs,the invoice the bank sends every thing….Do i still get it..

]]> By: Trey http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-136997 Trey Thu, 10 Dec 2009 11:08:01 +0000 http://www.fivecentnickel.com/?p=3106#comment-136997 My wife and I are signing a rent-to-own contract on our first house next week. We will be responsible for all repairs, property maintenance, and so forth. Would we qualify for this credit? My wife and I are signing a rent-to-own contract on our first house next week. We will be responsible for all repairs, property maintenance, and so forth. Would we qualify for this credit?

]]> By: Idavia http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-136982 Idavia Wed, 09 Dec 2009 21:00:42 +0000 http://www.fivecentnickel.com/?p=3106#comment-136982 How I claim this even though I have tried many times to get it buy a realtor whom bank denied me serval times, due bad credit. I'm just wondering in how this works? I never bought a house before. How I claim this even though I have tried many times to get it buy a realtor whom bank denied me serval times, due bad credit. I’m just wondering in how this works? I never bought a house before.

]]> By: Julie http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-136797 Julie Thu, 03 Dec 2009 04:42:41 +0000 http://www.fivecentnickel.com/?p=3106#comment-136797 I intend to buy a 4-plex, live in one as my primary residence and rent the other three out. Would it qualify for the first home buyer credit? I intend to buy a 4-plex, live in one as my primary residence and rent the other three out. Would it qualify for the first home buyer credit?

]]> By: Karen http://www.fivecentnickel.com/2009/02/20/how-to-claim-the-first-time-homebuyer-tax-credit/comment-page-7/#comment-136796 Karen Thu, 03 Dec 2009 04:34:46 +0000 http://www.fivecentnickel.com/?p=3106#comment-136796 I purchased a 2008 Fleetwood manufactured home November 29, 2009. Do manufactured homes qualify for the $8,000.00 rebate? If so, who do I see about this? Thanks for any help you can give..... I purchased a 2008 Fleetwood manufactured home November 29, 2009. Do manufactured homes qualify for the $8,000.00 rebate? If so, who do I see about this? Thanks for any help you can give…..

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