Comments on: How to Claim the $8,000 Home Buyer Tax Credit of 2009

By: SHAY

SHAY — Fri, 20 Nov 2009 15:43:37 +0000

TRYING TO BUY THE HOUSE WE HAVE RENTED FOR 8YRS BEFORE THE NOV. DEADLINE BUT IT WILL BE OWNER FINANCE. DO I QUALIFY AND WHAT ARE THE STEPS

By: Naren

Naren — Wed, 18 Nov 2009 00:33:31 +0000

In general, both the parties have to have a SSN to recieve the credit. I am in the same boat. Please let me know if you know any other exemption.

By: chan

chan — Sun, 15 Nov 2009 09:17:05 +0000

If I were to close on my own home Jan 2010, am I able to file an amended 2009 tax form to get the credit now (in 2010), oppose to waiting til 2011 to file?

By: Marsha

Marsha — Wed, 11 Nov 2009 09:04:43 +0000

If you only use it two months of each year, it is not your primary residence. You would need to live there most of the time for 3 years to qualify. I don't know what the cutoff is, but it would have to be more than half the time at least.

By: HELP ME PLEASE!!

HELP ME PLEASE!! — Tue, 10 Nov 2009 15:10:36 +0000

i purchased a house on 5/29/09 (closed date). i filed for amended tax for the $8000 credit. they said they recieved it on 6/12/09. here it is 11/10/09 and still haven't recieved it. i s/w someone and they said they didn't know why i haven't recieved it yet. she said she would contact the processing center. what could be the problem? i was a day late last month, i hope that wasn't it.

By: mary ann

mary ann — Sat, 07 Nov 2009 19:44:16 +0000

we are building a beach house on the land we have owned for 16 yrs.it will be complete around the end of nov/beginning of december. our house was destroyed in ike, we have not bought a house in the past 3 years, live overseas, and would only use this new house approx. 2 months every year.. would we qualify for a credit?

By: mary ann

mary ann — Sat, 07 Nov 2009 19:41:15 +0000

By: james

james — Mon, 02 Nov 2009 19:45:34 +0000

what if your unemployed am I still Eligible for the 8,000?

By: Trish

Trish — Fri, 30 Oct 2009 17:22:04 +0000

The 7500 you will have to payback. If you bought the house in 2009, the 8000 is a US tax payers gift to you with no payback

By: Larry Peoples, Sr.

Larry Peoples, Sr. — Wed, 28 Oct 2009 15:12:21 +0000

Thanks for this GREAT 1040x & 5405 guide. It made the filing process easy. You are a lifesaver!

By: James

James — Tue, 27 Oct 2009 00:47:31 +0000

Amanda,
You can still amend your 2008 Tax Return any time and claim the $7500 loan amount,which however you need repay back.

By: lisett

lisett — Tue, 20 Oct 2009 17:46:43 +0000

If the deadline for the $8000 credit is November 31, when is the last day to file paperwork in order to qualify? Does the home have to close escrow before than or does it just have to be in process?

By: Amanda

Amanda — Tue, 20 Oct 2009 01:16:24 +0000

I bought my house in 2008 and did not even know about the $7500 loan amount. Is it possible for me to file for that on my 2009 taxes? I know I have to repay it over 15 years and it does seem unfair to me that those that purchased in 2009 don’t, but anything will help at this point.

By: Lost

Lost — Thu, 15 Oct 2009 00:14:21 +0000

There must be a new law are something. I have heard people say that they efiled last month for the first time home buyers credit. They received some form of debit card in the mail and a week later they were issued there 8000.00 tax credit the debit card sent to them from IRS. Is this true? Where I work at many people have been using this so call IRS issued debit card for the tax credit. have you heard of this?

By: Daisy

Daisy — Mon, 12 Oct 2009 17:04:01 +0000

I’ve filed for an amendment for the 2008 Fed tax return but I was wondering 2 things about state:
- Does Oregon offer additional tax credit for first-time homebuyer?
- Do we have to do an amendment to our state tax return as well as the fed’s?
Thanks for your help in advance

By: GregBRuss

GregBRuss — Wed, 07 Oct 2009 19:21:35 +0000

Trying to get everything filled out to amend my taxes.

Do I need to fill out anything in Part I of 1040x? Page 4 of the instructions say “If you are providing only additional information and not changing amounts you originally reported, skip lines 1 – 33 and complete Part II and, if applicable, Part III.”

Do I send only the 1040x and 5405 forms, or is there anything else I need to include?

Thanks.

By: Boone Parker

Boone Parker — Wed, 07 Oct 2009 15:58:45 +0000

I closed on my home a month ago and don’t know what steps to take to get my tax credit.

By: Wayne Goode

Wayne Goode — Wed, 07 Oct 2009 00:42:03 +0000

My question is I bought a house in 2001. My wife was not working at that time and I was the only income used to secure the loan. I think my wife is on the Deed. We just bought another home a few months ago using my wife as the primary, I am on the loan also. Would my wife qualify for the tax credit?

By: ernest

ernest — Tue, 06 Oct 2009 00:07:05 +0000

update it took 16 weeks for irs to get my return to processing. then they needed closing papers 2 weeks later (18 weeks) they said they would get back to me. 2 weeks later (20 weeks) 2 weeks later(22 weeks) i get letter saying i will get my 8000 credit and interest . today oct 5 i finally get my check. total wait 5 months 20 days. i will pray for everyone else to get their credit soon.

By: David

David — Wed, 23 Sep 2009 03:05:36 +0000

I have the same question as Antonio. I am closing on my house in two days and mailing in the 1040x and 5405 the same day. I originally got my tax return direct deposited to my bank account. However I recently closed that bank account. I am wondering if my FTHB credit will get direct deposited as well just because my initial tax refund was direct deposit? Or will it come by check?

Thanks

By: Cindi

Cindi — Mon, 21 Sep 2009 23:37:38 +0000

We sold our house in Sept of 2006 but due to the buyers financing we had to “re” close Oct. 12, 2006 and will close on our newly constructed home Oct. 1, 2009. Will be be able to get the credit? In Sept we had to be out of the house, give the keys to the new buyer and then was called the next week that we needed to “re” close….I cannot adjust my Oct. 1st closing the bank says our construction loan is up and we must close on that day….Help!

By: Krystal

Krystal — Fri, 18 Sep 2009 22:35:26 +0000

Okay, somebody help me PLEASE!
We purchased a new home in August of 2008. We did not claim the First Time Buyer Credit on our taxes for 2008. Now it is 2009 and we want the credit. Do I have to amend my 2008 taxes?? Or can I claim the credit on my 2009 taxes?? This is so stressful! Somebody just give me $7500 PLEASE! : )

By: Antonio

Antonio — Sun, 06 Sep 2009 20:47:11 +0000

If I recieved my tax return direct deposit, is the FTHB Credit going to be deposited electronically or mailed via paper check? Also, if it was mailed paper check, and on my amended return, i selected not to update address with IRS, will they then (if mailing paper) send it to the address that was listed on my original return, or automatically send it to the FTHB address that is listed? Thanks.

By: SLB

SLB — Sat, 05 Sep 2009 16:39:49 +0000

I recently purchased a house and filed the ammendment for my 2008 tax return so I could recieve the tax credit now as apposed to later. I filled it out with the closing date which at that time was in the future. The IRS sent it back saying we needed to be owners of the house before we could apply for the credit. I have since sent in a new form with the correct date and own the house. Should this cause much of a problem in recieving my tax credit?

By: pj

pj — Sat, 05 Sep 2009 04:21:15 +0000

Joan,
Correct, YOU can NOT buy from your parents and still qualify…however, your FIANCE can – assuming he meets all the other qualifications of FTB, Income limits, etc… Just make sure that your “FIANCE” buys it and in his name only…if you get married before the purchase, then all bets are OFF as he will then be your husband and he will no longer qualify (weird but true). Hope this helps…you are in better shape than newlyweds!