Comments on: Good Questions on $8,000 First Time Homebuyer Credit http://personalfinancebythebook.com/first-time-homebuyer-credit-rule/ Making You a Winner at Money and Life Wed, 08 Feb 2012 17:12:18 +0000 hourly 1 http://wordpress.org/?v=3.3 By: joeplemon http://personalfinancebythebook.com/first-time-homebuyer-credit-rule/comment-page-1/#comment-6945 joeplemon Thu, 31 Mar 2011 16:49:03 +0000 http://personalfinancebythebook.com/?p=233#comment-6945 Sharra, I know two things for certain: 1. Your niece will not be able to receive her credit twice. 2. I am not a tax expert. I recommend you and/or your niece meet with an accountant to clarify this confusion. Actually, I didn't realize your niece could receive the credit until she filed her 2010 taxes, but, being as she has already received her check, there has to be a way to indicate it on her 2010 filing. Sorry I can't be of more help, but I know my limits. Sharra,
I know two things for certain:
1. Your niece will not be able to receive her credit twice.
2. I am not a tax expert.

I recommend you and/or your niece meet with an accountant to clarify this confusion. Actually, I didn’t realize your niece could receive the credit until she filed her 2010 taxes, but, being as she has already received her check, there has to be a way to indicate it on her 2010 filing.

Sorry I can’t be of more help, but I know my limits.

]]> By: Sharra http://personalfinancebythebook.com/first-time-homebuyer-credit-rule/comment-page-1/#comment-6944 Sharra Thu, 31 Mar 2011 16:31:35 +0000 http://personalfinancebythebook.com/?p=233#comment-6944 My niece purchased her home in 2010 & received her check then for the $8000 first time home buyer tax credit. How or does she need to report this on her tax return for 2010? We are using Turbo Tax & when we check the box for the credit, it acts like it's going to give her the $8000 all over again which I know can't be correct. Please advise & thanks! My niece purchased her home in 2010 & received her check then for the $8000 first time home buyer tax credit. How or does she need to report this on her tax return for 2010? We are using Turbo Tax & when we check the box for the credit, it acts like it’s going to give her the $8000 all over again which I know can’t be correct. Please advise & thanks!

]]> By: J. Money http://personalfinancebythebook.com/first-time-homebuyer-credit-rule/comment-page-1/#comment-206 J. Money Sat, 15 Aug 2009 16:46:39 +0000 http://personalfinancebythebook.com/?p=233#comment-206 You guys really know your stuff - love it. You guys really know your stuff – love it.

]]>