first time home buyer - owner loan » United States

Can I use 1040A to claim the First Time Home Buyer tax credit?

admin — Thu, 10 Dec 2009 09:20:18 +0000

HealthyGal asked:

Which line on the 1040A is the First Time Home Buyer Tax Credit located? I know that I need to file Form 5405 with the 1040, but I wanted to know if it was possible to file Form 5405 with the 1040A.

Marilyn

Will my wife be eligible for the First-Time Home Buyer Credits?

admin — Thu, 10 Dec 2009 00:16:16 +0000

di_cassano asked:

I bought a home 2 years ago, the home owner is myself only. If my wife buys a $200,000 worth of home in February, will she be able to claim the $8,000 tax credit as a first time home buyer? Thanks.

Marion

First TIme Home Buyer Credit Do I repay?

admin — Tue, 03 Nov 2009 18:50:47 +0000

Dan Druff asked:

I recieved the $7500 repayment credit this year as a first time home buyer. Does obama’s new $8000 Home Buyer Credit Tax Stimulus plan nullify my repayment? Or did we just buy a little too soon?

Clarence

Do I get the first time home buyer tax credit this year or next year?

admin — Tue, 27 Oct 2009 04:50:09 +0000

Jane S asked:

Under the new stimulus first time home buyers get something like $7500 tax credit. If I bought a home in 2009, could I see the benefits in my tax refund when I file this month? Or will I have to wait until I file in 2010?

Francis

IRA Withdrawal Penalty Exception for First Time Home Buyer?

admin — Tue, 15 Sep 2009 16:29:55 +0000

jjoonthego asked:

If I roll my cash balance pension benefit from a former employer in to an IRA, can I immidiately withdrawal $20,000 without paying the 10% penalty by using the $10,000 first time home buyer exception for both myself and my wife? I am 38 and the money would be used to purchase our first home.

Thanks.

Jeremy

Am I qualified for the First time home buyer tax credit?

admin — Tue, 01 Sep 2009 00:05:10 +0000

Jon asked:

My grandmother lives in a Co-op in New York and I help her pay the maintenance, I used to live with her for several years until 2 years ago. Both of our names are on the co-op contract as share holder as well as on the Mortgage Interest Statement, Form 1098. I never took a mortgage or actually purchased any home. My question is, am I qualified for the 8000$ first time home buyer tax credit in case I buy an apartment in 2009?

Danielle

How do we file for the first-time home buyer tax credit ?

admin — Wed, 19 Aug 2009 04:20:54 +0000

Nesto c asked:

My Girlfriend and I are planning on buying a house in May. We just heard about the first-time home buyer tax credit. We plan on getting the loan in both of our names. How do we file for the credit ? The price of the house around 110k. Would it better if one of us applied for the credit or both of us. Thanks for any help.

Tammy

Does the first time home buyer tax credit provide a refund if you dont use all of it? And if not does it carry?

admin — Wed, 12 Aug 2009 01:37:39 +0000

Jack S asked:

Does the first time home buyer tax credit provide a refund if you dont use all of it? And if not does it carry forward into the next year if you dont use all of it?

Kristen

First Time Home Buyer Credit Application Question?

admin — Sun, 19 Jul 2009 01:37:19 +0000

Josh C asked:

What all do I need to include on the 1040X to get my $8k credit as a first time home buyer?

Is there someone I can call for help. Just want to make sure it’s filled out properly…Thanks!

Lois

How to deal with first time home buyer $8000 FRAUD?

admin — Tue, 14 Jul 2009 22:09:58 +0000

Crimson Goddess asked:

Hi everyone,

I and my sister plan to open a small tax business this year and we are wondering how to deal with First Time Home Buyer Fraud? IRS is getting strictly and they may claim the preparers for committing fraud. You know I what mean?

Can you please give me some idea?

Herman