Comments on: First Time Home Buyer Tax Credit http://www.rerockstar.com/2009/buyers/first-time-home-buyer-tax-credit/ "Your all access pass to San Antonio real estate." Wed, 04 Jan 2012 12:52:26 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: rerockstar http://www.rerockstar.com/2009/buyers/first-time-home-buyer-tax-credit/comment-page-1/#comment-70 rerockstar Wed, 11 Mar 2009 19:36:37 +0000 http://www.rerockstar.com/?p=259#comment-70 Julie, You bring up an interesting question. I'm going to check with someone I know on this, because I'm not 100% sure I have the answer. However, one thing I can note, you mentioned you bought the house in 2008. Depending on how the IRS looks at occupancy and purchase (the main bulk of your question), if it were indeed marked as a purchase in 2008, you would only be able to qualify for the old $7500 tax credit, which is repayable, unlike the current $8000 tax credit. I'll let you know what I find out. Thanks for stopping by. Julie,

You bring up an interesting question. I’m going to check with someone I know on this, because I’m not 100% sure I have the answer.

However, one thing I can note, you mentioned you bought the house in 2008. Depending on how the IRS looks at occupancy and purchase (the main bulk of your question), if it were indeed marked as a purchase in 2008, you would only be able to qualify for the old $7500 tax credit, which is repayable, unlike the current $8000 tax credit.

I’ll let you know what I find out.

Thanks for stopping by.

]]> By: Julie http://www.rerockstar.com/2009/buyers/first-time-home-buyer-tax-credit/comment-page-1/#comment-68 Julie Wed, 11 Mar 2009 18:08:38 +0000 http://www.rerockstar.com/?p=259#comment-68 in addition, there was Interim bank financing originally & closed with permanent first time homebuyer mortgage in 3/09. in addition, there was Interim bank financing originally & closed with permanent first time homebuyer mortgage in 3/09.

]]> By: Julie http://www.rerockstar.com/2009/buyers/first-time-home-buyer-tax-credit/comment-page-1/#comment-67 Julie Wed, 11 Mar 2009 16:26:38 +0000 http://www.rerockstar.com/?p=259#comment-67 If you purchased a home via auction in 20008, then rehab it, including foundation but do not move in. then you Occupy it in 3/09 would you qualify for the $8000 stimulus. all other qualifications for first time homebuyer are met. thank you. If you purchased a home via auction in 20008, then rehab it, including foundation but do not move in. then you Occupy it in 3/09 would you qualify for the $8000 stimulus.
all other qualifications for first time homebuyer are met.
thank you.

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