Home Buyer Tax Credit October
June 3rd, 2008
Question: Tax credit for first time home buyers…?
I purchased my first home in August for 50,000. I paid cash for the home. I lived in the home for about two weeks and discovered it had some problems that I could not afford to fix so I sold the home in October. My question is, do I still get the first time home buyer tax credit? Even though I sold my house?
Man that sucks!!
Answer: Heck no. The (up to) $8000 deal was only if you ALSO stayed in the house for 36 months after buying it.
You didn’t.
National new home sales weak, but bright spots hit South Florida
Dec. 24–New home sales in the south dropped to a year-long low in November, an unexpected dip considering the first-time home buyer spending spree that buoyed the resale market last month.
October 22 – First Time Homebuyer Tax Credit Expiration and High Balance Conforming Expiring
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