Housing Stimulus - Ask TaxGuru

Homeowner Tax Home owner tax issues and rebates.

LinkBack

Thread Tools

Display Modes

#1 (permalink)

02-22-2009, 05:16 PM

DMONROE408 DMONROE408 is offline

Junior Member

Join Date: Feb 2009

Posts: 1

Housing Stimulus

I got a construction loan last year to work on a house I was going to purchase but I am suppose to close on the house next month am I eligible for the $8000 tax credit or do I have to claim it on the $7500 tax credit and have to pay it back?

Ads

« 2009 Stimulus Credit for New Home Buyers | IRS Form 5405 Homebuyer Tax Credit »

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts vB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are Off

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Foreign Earned Income & Housing Exclusions for 2008	TaxGuru	For 2008	2	02-26-2010 11:44 AM
Tax Stimulus how does it effect this year	Gary	Income	1	01-25-2009 07:59 PM
IRS offers appealing tax credits for low income housing & fixing up of old building.	TaxGuru	For 2008	0	08-08-2008 12:06 PM
Deduction of EMI of Housing Loan	pengupotka11	Itemized Deductions	1	05-29-2008 11:27 AM
How does one qualify for Foreign Earned Income Exclusion & Foreign Housing Exclusion?	TaxGuru	Miscellaneous	0	05-06-2008 04:42 PM

» Categories

Ask TaxGuru?

Individual

» Income

» Estimated Taxes

» Capital Gains

» Itemized Deductions

» IRA/Sep

» Rental Real-Estate

» Alternative Minimum Tax

» Filing Requirements

» Sole-Proprietorship

» Medical

» Auto Expenses

» Social Security

» Tax Credit

» Depreciation

» Divorce Tax Issues

» Homeowner Tax

» Multistate

Corporations

» C-Corporation

» S-Corporation

» Limited Liability Company

» Multistate Tax Issues

» Non-Profit Organisation

» Trusts and Gift Tax Returns

Forum for CPAs

» CPA Forums

Financial Planning

» Estate Planning

» Retirement Planning

» Investment Strategy

» Education Planning

» Life Insurance

» Tax News

» Tax Calendar

» Tax Calculators

» Tax Resources

» Downloads

» Contact Us

» Latest Tax Tips
Additional Standard Deduction for Real Estate Taxes
Eight Important Facts about the Health Coverage Tax Credit
Top Ten Facts About the Child and Dependent Care Credit
Ten Facts about Claiming the Child Tax Credit
First-time Filers Should Use Free File to Prepare, e-File...

» Recent Tax Q&A
1040A Simiplified Method - Negative Number?
Interest on property sale
Investco Fair Fund
Itemized Deductions for Auto and Medical
NJ S-corp
Gift Reported on 1099 Misc
is there a penelty for below market value?
Question: Earned Income Credit
Two New Tax Benefits Aid Employers Who Hire and...
Where to Report 1099B, 1099G

» Free Downloads

Latest Files

EzWagez Payroll System
TurboCASH
AlauxSoft Accounts and Budget
Gas Mileage MPG Tracker
Integrated Business Decisions