08-03-2009, 11:30 AM
WRXtranceformed Wrote:You might want to ask your realtor how long that $8k tax credit is going to be around. I think I remember my friend who works in new home sales say last night that it was disappearing in November.
IRS Website Wrote:Q. Which home purchases qualify for the first-time homebuyer credit?
A. Any home purchased as the taxpayerÔÇÖs principal residence and located in the United States qualifies. You must buy the home after April 8, 2008, and before Dec. 1, 2009, to qualify for the credit. For a home that you construct, the purchase date is considered to be the first date you occupy the home.
Linky to FAQ on first time homebuyer credit:
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I would assume you have to close by Dec. 1?