Home Buying in 94110>Question Details

Ben, Home Buyer in 94110

When is the TRUE DEADLINE for home purchases to be entitled to the $8000. tax credit for 1st time buyers? Please CLARIFY. Thanks.

Asked by Ben, 94110 Tue Oct 13, 2009

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This has been extended until the end of Aril 2010. Ben, have you purchased something yet?
0 votes Thank Flag Link Tue Jan 19, 2010
Ben

From the IRS site....
Q. Which home purchases qualify for the first-time homebuyer credit?

A. Any home purchased as the taxpayer’s principal residence and located in the United States qualifies. You must buy the home after April 8, 2008, and before Dec. 1, 2009, to qualify for the credit. For a home that you construct, the purchase date is considered to be the first date you occupy the home.

Q. When do I have to buy a new home to get the credit?

A. The home must be purchased after April 8, 2008, and before Dec. 1, 2009, in order to obtain the credit. For a home you construct, the purchase date is considered to be the date you first occupy the home

http://www.irs.gov/newsroom/article/0,,id=206291,00.html
0 votes Thank Flag Link Tue Oct 13, 2009
You must close on, or before November 30, 2009 to qualify. For a complete set of guidlines go th my blog at the link shown below.
0 votes Thank Flag Link Tue Oct 13, 2009
Must be recorded by Nov. 30th, 2009 to get the credit.
0 votes Thank Flag Link Tue Oct 13, 2009
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