Comments on: What tax year is used to determined eligibility for first-time homebuyer tax credit?

By: Janice S

Janice S — Fri, 20 Nov 2009 17:05:35 +0000

When was it purchased 08-09? If it was 08 you would only be getting the 7500. and not the 8000. Or whatever the phase out amount is for the income.

What was the date of purchase?

By: ninasgramma

ninasgramma — Fri, 20 Nov 2009 09:06:37 +0000

If you bought your home in 2009, you have a choice to claim the credit either on your amended 2008 tax return or on your 2009 tax return.

So you will need to wait and claim the credit on your 2009 return, when you qualify. The fact that you made too much income for the credit in 2008 will not disqualify you.

By: Doctor Deth

Doctor Deth — Wed, 18 Nov 2009 18:25:26 +0000

have you bought a house?
if yes, what year did you buy it?
if not, you must close on it by Nov 30th or no rebate

By: v b

v b — Mon, 16 Nov 2009 09:58:49 +0000

So claim it on your 2009 return when you file in 2010.

if you file an amended return now, you will be affected by the phaseout and get nothing if you made more than $95K.