Welcome Guest. Register Now!  


Homeowner Tax Home owner tax issues and rebates.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-20-2010, 08:35 PM
Junior Member
 
Join Date: Jan 2010
Posts: 1
Tax Credit - Already have $7,500 but eligable for $8,000 or am I?

Bought my home in January and took out the $7,500 tax credit.

Come to find out, I fit into the $8,000 as well.

What options, if any, do I have?

I would at very least like to not OWE the $7,500 credit and have the $8,000 cancel it out. But I read a blog stating I might be screwed?

Best case, taking out the $8,000 and still having the pay the $7,500 (over 15 years @ $500) would be nice.

But I have no clue if either of these options are available, or if the blogger is right and because I took out the $7,500 before the $8,000 bill passed i cant take out the $8,000 and must repay the $7,500?

Does anyone know?



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
First-Time Homebuyer credit a new tax credit Samatg For 2008 7 05-07-2010 02:44 PM

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