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Cindi Hagley…, Real Estate Pro in San Ramon, CA
Cindi Hagley As Seen on TV answered:
Will I have to repay $7500 tax credit in full if I sell home?
If you stop using the home as your main home, all remaining annual installments become due on the return for the year that happens. This includes situations where the main home becomes ... more
0 votes Share Flag Mon Jul 27, 2009 Financing in 64105
Maria Morton, Real Estate Pro in 64113
Maria Morton answered:
$7,500 Tax Credit
Yes, Congress drafted the bill so that people who purchased last year will still have to repay. Bummer.
0 votes Share Flag Sat Mar 14, 2009 Financing in 64105
Stephanie Cr…, Real Estate Pro in Nashville, TN
Stephanie Crawford answered:
How do you pay back the $7500 tax credit for first time home buyers? S
The National Association of Realtors and RPAC are lobbying to try to eleminate payback requirements all together. No word yet on whether that will happen, but be on the lookout!
0 votes Share Flag Thu Dec 4, 2008 Financing in 64105
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