Welcome Guest. Register Now!  


Homeowner Tax Home owner tax issues and rebates.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-05-2010, 08:55 PM
Junior Member
 
Join Date: Feb 2010
Posts: 2
Homeowner buyer tax credit

I recently bought a home on Dec, 15, 2009. I am trying to determine whether I qualify for the existing homeowner tax credit.

Although I owned two homes in the last 12 years, Neither of them were owned by me for five consecutive years during the 8 year window as outlined by the IRS. My last home I owned for two years between Nov 1995 and early 1998. The home prior was owned by me in early 1998 thru Nov 2005.

The way I understand it, I must have owned the same home for 5 consecutive years during the 8 yr window preceding the date of my home purchase in 2009.

So does that mean that I have had to own one home between Dec 15, 2001 and Dec 15, 2009? The home I owned in early 1998 thru Nov 2005 was longer than five years, but part of the ownership falls outside of the 8 year window, as I understand it.

The second home between Nov 2005 and early 2008 was less than 5 consecutive years.

Can you assist, and tell me if there is any way that I can claim the homeowners credit?



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
home buyer credit geob816 Miscellaneous 0 02-03-2010 10:45 AM
1st Time Home Buyer Tax Credit jprroth1 Homeowner Tax 0 05-06-2009 08:15 PM
First time Home Buyer Credit ilkergokeri Homeowner Tax 1 04-23-2009 08:46 AM
Do I qualify for the First Time Homeowner Tax Credit? mhobbs Homeowner Tax 1 02-13-2009 11:50 PM
Can taxpayers claim both the DC 1st time Home Buyer Credit & First-Time Home Buyer? TaxGuru District of Columbia 0 01-25-2009 11:32 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