United States « first time home buyer

December 10, 2009

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

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

Comments (3)

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

Filed under: United States — Tags: First Time Home, First Time Home Buyer, Tax Credit, Time Home Buyer — admin @ 12:16 am

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

Comments (5)

November 3, 2009

First TIme Home Buyer Credit Do I repay?

Filed under: United States — Tags: Buyer Credit, First Time Home, First Time Home Buyer, Obama, Stimulus Plan, Tax Stimulus, Time Home Buyer — admin @ 6:50 pm

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

Comments (3)

October 27, 2009

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

Filed under: United States — Tags: First Time Home, First Time Home Buyer, First Time Home Buyer Tax Credit, First Time Home Buyers, Stimulus, Tax Refund, Time Home Buyer, Time Home Buyers — admin @ 4:50 am

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

Comments (5)

September 15, 2009

IRA Withdrawal Penalty Exception for First Time Home Buyer?

Filed under: United States — Tags: Benefit From, Cash Balance Pension, First Time Home, First Time Home Buyer, Home Thanks, Ira Withdrawal Penalty, Money, Pension Benefit, Time Home Buyer — admin @ 4:29 pm

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

Comments (4)

September 1, 2009

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

Filed under: United States — Tags: Apartment, First Time Home, First Time Home Buyer, First Time Home Buyer Tax Credit, Form 1098, Grandmother Lives, Interest Statement, Maintenance, Mortgage Interest, Names, Share Holder, Time Home Buyer — admin @ 12:05 am

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