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mosh913
baby boy coming spring '11
Member since 5/05 3133 total posts
Name:
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Kind of a personal question about tax returns...
I'm not sure what to expect since we bought a house this year. We closed in August and our first payment was in Oct. Anyone mind sharing what their returns have been like? TIA!
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Posted 1/1/09 8:43 PM  |
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marycpa
LIF Adolescent
Member since 7/07 635 total posts
Name:
Mary
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Re: Kind of a personal question about tax returns...
Since you bought the house in Oct. there is a special credit/interest free loan that the goverment is allowing. You have to pay this credit back over 15 years when you file your tax returns.
I hope this works..I tried to attach the link for your information.http://www.irs.gov/newsroom/article/0,,id=187935,00.html
Message edited 1/1/2009 8:52:04 PM.
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| Posted 1/1/09 8:50 PM |
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mosh913
baby boy coming spring '11
Member since 5/05 3133 total posts
Name:
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Re: Kind of a personal question about tax returns...
Thanks for the info. As I read on though it said you would have had to buy the house between April and July. We closed on 8/8. Oh well!
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| Posted 1/1/09 9:00 PM |
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Re: Kind of a personal question about tax returns...
No, April 8 2008 and July 1, 2009 So you qualify.
Us, however, in a cruel joke of a world, closed April FIRST, 2008
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| Posted 1/1/09 9:01 PM |
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mosh913
baby boy coming spring '11
Member since 5/05 3133 total posts
Name:
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Re: Kind of a personal question about tax returns...
Posted by prncss
No, April 8 2008 and July 1, 2009 So you qualify.
Us, however, in a cruel joke of a world, closed April FIRST, 2008
hmmm...on the website it says July 1, 2008. I'm hoping it's a typo!
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| Posted 1/1/09 9:16 PM |
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CoachC
LIF Infant
Member since 8/08 275 total posts
Name:
Kerri
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Re: Kind of a personal question about tax returns...
Posted by mosh913
Posted by prncss
No, April 8 2008 and July 1, 2009 So you qualify.
Us, however, in a cruel joke of a world, closed April FIRST, 2008
hmmm...on the website it says July 1, 2008. I'm hoping it's a typo!
Check out the third question down, it's July 1, 2009.
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| Posted 1/1/09 10:29 PM |
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BRod-Cheng
I'm going to be a big brother!
Member since 6/07 1860 total posts
Name:
Betty
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Re: Kind of a personal question about tax returns...
Posted by prncss
No, April 8 2008 and July 1, 2009 So you qualify.
Us, however, in a cruel joke of a world, closed April FIRST, 2008
We closed on April 1st too!!!
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| Posted 1/2/09 10:08 AM |
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mosh913
baby boy coming spring '11
Member since 5/05 3133 total posts
Name:
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Re: Kind of a personal question about tax returns...
Posted by CoachC
Posted by mosh913
Posted by prncss
No, April 8 2008 and July 1, 2009 So you qualify.
Us, however, in a cruel joke of a world, closed April FIRST, 2008
hmmm...on the website it says July 1, 2008. I'm hoping it's a typo!
Check out the third question down, it's July 1, 2009.
Awesome! Thanks!!
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| Posted 1/2/09 2:01 PM |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: Kind of a personal question about tax returns...
being that you only paid oct, nov & dec, there are only three months of interest that you can write off. you can deduct some of your closing costs too.
I don't think that this year you will get a HUGE check back, but will be more than you have gotten pre-house...
hope this helps!
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| Posted 1/2/09 2:03 PM |
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