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Filing the 1st time home buyer credit

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skinny
3 boys and a princess!

Member since 11/08

8178 total posts

Name:
Momma

Filing the 1st time home buyer credit

Did anyone buy a house in '09 and file an amended 2008 Tax Return? I tried to do it myself and am apparently incompetent and think I have to go to a tax guy. Anyone have better luck doing it on their own?

Message edited 9/1/2009 11:32:51 AM.

Posted 9/1/09 11:32 AM
 
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shellyru
LIF Adolescent

Member since 1/07

685 total posts

Name:
Michelle

Re: Filing the 1st time home buyer credit

I just sent it to the tax man too. I didn't feel like paying him to do it but it was just easier and now it's done and I should have it soon so I think it's worth it to save yourself the aggravation.

Posted 9/1/09 12:35 PM
 

HeatherRose
Life is Good :)

Member since 11/07

6605 total posts

Name:

Re: Filing the 1st time home buyer credit

if you buy in 09 it has to go on your 09 tax return which isn't due until April 15, 2010.

Posted 9/1/09 12:44 PM
 

skinny
3 boys and a princess!

Member since 11/08

8178 total posts

Name:
Momma

Re: Filing the 1st time home buyer credit

Posted by HeatherRose

if you buy in 09 it has to go on your 09 tax return which isn't due until April 15, 2010.




No, I spoke with the IRS and you can amend your 2008 return to get the credit now even if you bought in 2009.

Here's the text from the IRS website:

First-time homebuyers who purchase a home in 2009 can claim the credit on either a 2008 tax return, due April 15, 2009, or a 2009 tax return, due April 15, 2010. The credit may not be claimed before the closing date. But, if the closing occurs after April 15, 2009, a taxpayer can still claim it on a 2008 tax return by requesting an extension of time to file or by filing an amended return. News release 2009-27 has more information on these options.

Link

Posted 9/1/09 1:05 PM
 

Newly1
I love my baby boy!

Member since 6/08

2804 total posts

Name:
H

Re: Filing the 1st time home buyer credit

Posted by HeatherRose

if you buy in 09 it has to go on your 09 tax return which isn't due until April 15, 2010.




DH and I bought in 09 and had it amended to our 08 tax return. We had no problems, our accountant did it for us.

Posted 9/1/09 1:05 PM
 

cindy104
This is my "Baby"

Member since 6/08

1522 total posts

Name:
Cindy

Re: Filing the 1st time home buyer credit

Posted by Newly1

Posted by HeatherRose

if you buy in 09 it has to go on your 09 tax return which isn't due until April 15, 2010.




DH and I bought in 09 and had it amended to our 08 tax return. We had no problems, our accountant did it for us.



Same here!

Posted 9/1/09 2:20 PM
 

ryeguy8585
LIF Infant

Member since 1/09

111 total posts

Name:

Re: Filing the 1st time home buyer credit

Posted by HeatherRose

if you buy in 09 it has to go on your 09 tax return which isn't due until April 15, 2010.




Not true. You can file an amended return. Says so right on the website for the program.

Posted 9/1/09 2:25 PM
 

SnickNNick
In our new house!!

Member since 8/08

2119 total posts

Name:
Nicole

Re: Filing the 1st time home buyer credit

We did, DH did all the paperwork himself. Not sure how he did it, I haven't even looked at it, but you should be able to do it yourself no problem. good luck!

Posted 9/1/09 4:12 PM
 
 

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