Kdub asked: My fiance and I are due to get married this August. I already own a condo, but my fiance has never owned a home. If we buy a home together this year can we get the first time homebuyer credit? If not, if he were to buy the house by [...]
brandonneary asked: A lawyer is going to amend my 2008 taxes to include the first time homebuyer credit but what will happen if I owe them money? Also does anyone know what you have to attach to the form 5403 i believe? Do they look over your whole tax return or what are [...]
Michael L asked: I am thinking of buying a condo soon, but the $8k tax credit is an important factor in my decision. If I get a co-signer on my loan, would I still qualify as a first time homebuyer? If for some reason the co-signer has to assume financial reponsibility for some time, what [...]
dc200006 asked: I will earn less than $75,000 in 2009 (I’m a single filer), but earn more than $75,000 in tax year 2008. Am I eligible for the first time homebuyer tax credit?
Amy G asked: I was under the assumption for months that I qualified for the first time homebuyer tax credit of 7,500. Now I received a letter from my lender that says I cannot claim the credit because I received a loan from Minnesota Housing. What does this mean? I have an FHA loan and [...]
Midlilly asked: In order to file a 5405 with the1040X for a First Time Homebuyer tax credit on a home purchased in 2009, do I only fill out the Part II Explanation of Changes along with 5405 form? Nothing else needs to be completed except the part above line A with the new address; [...]
scubastang21 asked: I closed on a house Dec 29th 2008 and qualify for the 1st time homebuyer tax credit. I thought at the time they were abolishing the credit at the end of 2008 but instead they sweetened the deal by upping it $500 and allowing you not to repay the credit. Is there any [...]
M asked: I purchased my home from a trust (it belonged to my great uncle) and my grandmother was one of the trustees; do I still qualify for the first time homebuyer tax credit?
Johnny K asked: An unmarried couple, consisting of “Jack” and “Jill” buy a home together. Jack does not qualify as a first-time homebuyer. Jill does qualify as a first-time homebuyer.
Can Jill claim the full amount of the first-time homebuyer tax credit?
Thanks v b. I’ve been digging all morning for details on this question and hadn’t [...]
vaiN_girL asked: I amended my tax credit since I filed my income tax early this year. I sent the form 1st week of April and until now I don’t have the $8000 yet. I’m just wondering if they will send any notice that it will just be delayed or at least they received my amendment. [...]
