Claiming Tax Credit Early
April 14th, 2010
Question: Can I claim the First time Home Buyer Credit on my 08 return even if I havent closed on a house?
I havent closed on a house but I heard you can claim the credit on a new house purchase before July 1. I am using H&R Block Tax Cut and it asks me for a purchase date and value, etc.
I thought you could claim the credit early?? I take it I misunderstood everything?
Answer: No, you did not buy a house yet. You will be buying in 09, so it goes on 09 taxes.
You can not claim a credit “early” as it has not, and may never, occured.
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