The $6,500. Tax credit on home purchase, when did it start?
Answers
.
purchased a home in NV in Oct. 2009 do we get a tax break?
About the Expert
I love being an accountant, believe it or not it has been my dream since I was 12:) I have over a decade of experience in public accounting and I am very qualified to handle even the largest and most complicated tax issues, but I also enjoy the small ones. I love helping small businesses with their accounting so they have the time to go do what they are best at...growing their business! I also teach accounting, entrepreneurial business, and finance at the college level, and I have 3 children. Taxes are complicated but for a handful of states that have legally recognized same sex marriages taxes are VERY complicated. As a California CPA with multiple clients that fall in this category I have become an expert in this area. Important changes were made in 2010...please contact me for help if this applies to you. View Profile
Based on your question I am assuming you are a repeat homebuyer ($6,500 credit available) not a first time buyer (8,000 credit). If you are a first time buyer reply to this thread and I will change the information provided.
Based on the date you purchased your home you are not eligible. See below:
"The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010)."
Sorry - I wish I had better news.
Please login or register to rate this answer!