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1st time homebuyers tax credit questions
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babymakes3
Almost there!
Member since 7/06 7376 total posts
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1st time homebuyers tax credit questions
I have a few questions - I hope someone can help. I couldn't find the answers on the IRS page...
1) What tax year does it base your income off of? 2008 or 2007?
2) How do you apply for it and at what point in the home-buying process?
3) Related to #2, can you roll it into your down payment?
TIA!
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Posted 12/8/08 10:04 AM  |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: 1st time homebuyers tax credit questions
Posted by babymakes3
I have a few questions - I hope someone can help. I couldn't find the answers on the IRS page...
1) What tax year does it base your income off of? 2008 or 2007?
2) How do you apply for it and at what point in the home-buying process?
3) Related to #2, can you roll it into your down payment?
TIA!
from my dh
1. 2008 or 2009, depending on when u purchase the home
2. you fill out the form which gets attached to your tax return
3. what??? no
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| Posted 12/8/08 10:18 AM |
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babymakes3
Almost there!
Member since 7/06 7376 total posts
Name:
|
Re: 1st time homebuyers tax credit questions
Posted by Ophelia
Posted by babymakes3
I have a few questions - I hope someone can help. I couldn't find the answers on the IRS page...
1) What tax year does it base your income off of? 2008 or 2007?
2) How do you apply for it and at what point in the home-buying process?
3) Related to #2, can you roll it into your down payment?
TIA!
from my dh
1. 2008 or 2009, depending on when u purchase the home
2. you fill out the form which gets attached to your tax return
3. what??? no
Thanks!
#3 was my DH's question. I thought it was ridiculous too. 
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| Posted 12/8/08 10:21 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
|
Re: 1st time homebuyers tax credit questions
Posted by babymakes3
Thanks!
#3 was my DH's question. I thought it was ridiculous too.
here is the IRS link
 
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| Posted 12/8/08 10:34 AM |
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