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$15000 Homebuyer Credit Question?

Posted on 2/9/09 at 4:51 pm
Posted by Croacka
Denham Springs
Member since Dec 2008
61451 posts
Posted on 2/9/09 at 4:51 pm
I hate to start this thread because there seem to be about 8 of them already.

Anyway, I plan to close later this month. If the new package is approved, would the plan be retroactive to the start of 2009 or the day it was enacted? I've seen both answers on several sites and I'm not sure who is correct.

Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 2/9/09 at 4:57 pm to
quote:

I've seen both answers on several sites and I'm not sure who is correct.


I've seen both answers at various sites too. But I think it looks more like it will include all of 2009. Of course, we'll have to wait a week to find out for certain.
Posted by tigeralum06
Member since Oct 2007
2890 posts
Posted on 2/9/09 at 7:08 pm to
you are going to have to wait to find out.
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/9/09 at 7:08 pm to
quote:

you are going to have to wait to find out.

Until when? Next Monday?
Posted by tigeralum06
Member since Oct 2007
2890 posts
Posted on 2/9/09 at 7:12 pm to
well, chances are the language will not be clear so the IRS will likely need to clarify it. Could be a couple of days or a couple of weeks
Posted by Zilla
Member since Jul 2005
10641 posts
Posted on 2/9/09 at 7:39 pm to
instead of starting a new thread, I will just ask here:

my wife and I bought our first house a few years back.... except, its fully in my name...so, if our next house is only in her name, can we get "first time homebuyer benefits" ?
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/9/09 at 8:18 pm to
Posted by Croacka
Denham Springs
Member since Dec 2008
61451 posts
Posted on 2/9/09 at 8:23 pm to
ive read that site, its not very clear imo, but other sites say it will be retroactive to jan 1 2009

that site isnt official, its sponsored by some group
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/9/09 at 8:25 pm to
quote:

that site isnt official, its sponsored by some group

Yeah I know.

A friend of mine just sent me the link, so I thought I'd post it.
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 2/9/09 at 8:40 pm to
Latest draft has changed. The latest and greatest is:

DATE OF PURCHASE: After the date of enactment.

I inadvertently had said earlier today is was Jan 1 (an earlier draft had that).. but I pulled down the ammendment of Thomas and that is the date given.

Again until it gets out of committee nothing is in stone
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/9/09 at 8:42 pm to
quote:

DATE OF PURCHASE: After the date of enactment.

So the house has to be purchased AFTER it's officially signed off on to get the $15K?

quote:

Again until it gets out of committee nothing is in stone

When will this be? Any idea?
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 2/9/09 at 8:49 pm to
Barack hinted again today he wants to sign this bad boy next week which means committee must be done this week
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/9/09 at 8:51 pm to
quote:

Barack hinted again today he wants to sign this bad boy next week which means committee must be done this week

Interesting.

So do you think it's going to go through at this point?

I'm still wondering how the e-file shite will work if it does go through...
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 2/9/09 at 8:52 pm to
Really depends if he can get Pelosi and the House to tow the line... if they 'compromise' that will be high on the list... tough call
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/9/09 at 8:54 pm to
So a week from today we will know something definite right?
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 2/9/09 at 8:55 pm to
That would be a safe bet... (well as safe as you can get with the loonybin that is the Hill)
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/9/09 at 8:58 pm to
quote:

That would be a safe bet... (well as safe as you can get with the loonybin that is the Hill)




Opinions on how they will coordinate everything with e-filing?
Posted by Croacka
Denham Springs
Member since Dec 2008
61451 posts
Posted on 2/10/09 at 8:47 am to
I'm not freaking out about efiling. If it isn't available to claim by April 15th, just file an extension or do an amended return whenever you are able to.
Posted by poboydressedplease
Member since Jul 2008
9174 posts
Posted on 2/10/09 at 9:20 am to
FAQ on this and I am still confused.

LINK

if you bought a home in 2008 can you get another $7500?
This post was edited on 2/10/09 at 9:27 am
Posted by CE Tiger
Metairie
Member since Jan 2008
41878 posts
Posted on 2/10/09 at 9:20 am to
quote:

do an amended return whenever you are able to.


i've already filed but am looking into buying in the near future.. if i close before april 15th can i claim this on an amended return?
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