Welcome Guest. Register Now!  


Homeowner Tax Home owner tax issues and rebates.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 11-29-2009, 04:35 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,399
Blog Entries: 3
If a taxpayer buys a home in Dec 2009, how should the Homeowners credit be claimed?

If a taxpayer has purchased a home in December 2009, and that taxpayer has already filed a 2008 tax return, an interesting question arises as to whether or not the taxpayer is required to file an amended 2008 return to claim the homeowners credit or would the taxpayer be required to claim that credit on their 2009 return?

The IRS will allow the taxpayer the option to choose to either amend their 2008 tax return to claim their Homeowners tax credit or to claim this tax credit on their 2009 tax return. Thus, the taxpayer has the option to decide which approach suits him or her the best.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

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
Can a 2009 home purchase be treated as a 2008 purchase to claim Home Owners Credit? TaxGuru Homeowner Tax 0 08-15-2009 12:31 AM
Will taxpayers get $7,500 or $8,000 of HomeOwners Tax Credit w/ the 2008 Tax Return? TaxGuru Homeowner Tax 0 03-17-2009 11:37 PM
2009 Stimulus Credit for New Home Buyers jaredeinstein Homeowner Tax 0 02-20-2009 01:14 PM
Will a Taxpayer qualify for 1st Time HomeBuyer credit if part of the home is rented? TaxGuru Homeowner Tax 0 02-13-2009 11:42 PM
Can taxpayers claim the tax credit in 2008 for a home bought in 2009? TaxGuru Homeowner Tax 0 01-29-2009 03:02 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning