How to calculate repeat home buyer's tax credit for 2010?

Asked by Rhatter, 74136 Sat May 22, 2010

How do you calculate the amount of tax credit for a repeat home buyer in 2010

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Answers

3
Jennifer Bla…, Agent, Owasso, OK
Mon Jun 14, 2010
The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500 on homes no more than $800,000. But, as others have suggested, talk to a tax professional for more clarity.

Good Luck!

Jennifer Henning, Realtor
1 vote
UB Home Team, Agent, Norman, OK
Sat May 22, 2010
Anna is correct, your tax man/woman will have the most accurate answers. For some FAQ's and answers, follow the link below.

http://www.federalhousingtaxcredit.com/

Best of luck!
Web Reference:  http://www.ubhometeam.com
0 votes
Anna M Brocco, Agent, Williston Park, NY
Sat May 22, 2010
For an accurate answer as it specifically refers to your situation, contact your tax professional.
0 votes
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