irs: Extended Home Buyer Tax Credit Full Resource from NP Dodge
- 01/19/10 01:16 AM
We have created a section within npdodge.com to answer a multitude of questions that we have received over the past few weeks and general information that you might be interested in so that you too can take advantage of this valuable credit! The links below the video screen on the right side will refresh the page and automatically play a new video. Leave us a comment below if you have a question or simply email us at info1@npdodge.com as we are here to help! Click the image below for our full $6,500 tax credit resource:
If you have specific questions … (0 comments)
irs: $6500 Tax Credit - Time Frame
- 01/14/10 01:36 AM
You must have lived in the same principal residence for any five-consecutive-year period during the eight-year period that ended on the date the replacement home is purchased. For example, if you bought a home on Nov. 30, 2009, the eight-year period would run from Dec. 1, 2001, through Nov. 30, 2009. NP Dodge Real Estate Blog Author - Robert Wiebusch … (0 comments)
irs: $6,500 is yours even if you don't sell your current personal residence!
- 01/11/10 07:04 AM
I just spent an hour on hold with the Internal Revenue Service to gain clarity on something and here is what I found out: Q: I'm already a homeowner. If I buy another home after Nov. 6, 2009, to use as my principal residence, do I have to sell my home to qualify for the homebuyer tax credit? A: No. If you meet all of the requirements for the credit, the law does not require you to sell or otherwise dispose of your current principal residence to qualify for a credit of up to $6,500 when you buy a replacement home to use as your principal residence. … (4 comments)
We have created a section within npdodge.com to answer a multitude of questions that we have received over the past few weeks and general information that you might be interested in so that you too can take advantage of this valuable credit! The links below the video screen on the right side will refresh the page and automatically play a new video. Leave us a comment below if you have a question or simply email us at info1@npdodge.com as we are here to help!
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