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Yes, according to posts at this website: http://www.cincinnatilivingonline.com/2009/02/2009-first-time-homebuyer-tax-credit-2.html
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Can you qualify for the 8000 first time home buyer tax credit if buying a duplex as a principle residence?
I would love to know the answer to this question! I find conflicting data everywhere.
What paperwork is needed for the 8000 home buyer tax credit?
I would talk to a realtor about this.
What is the deadline to apply for 8000 tax credit for first time home buyers credit?
To qualify for the credit you have to purchase your home between January 1, 2009 and April 30th, 2010. You can still qualify for the credit if you purchase your home after April 30th but before June 30th, 2010 as long as you have a legal contract binding you to the sale before April 30th, 2010.
Is there a tax credit for first time home buyers?
Yes. There is a first-time home buyer credit of up to $8000 until 4/30/2010.
Do you qualify for the 8000 credit if you go through a conventional mortgage company and not FHA?
Yes. Whether you have a mortgage or not or where you got it is not relevant.
How are you able to help with buying a home for the first time with bad credit.?
Do things that will improve your credit score. Pay off your credit cards as much as you can, contributing most to the one with the highest interest rate. If you have declared bankruptcy in the past, you should wait until after 10 years before the bankruptcy is no longer listed on your credit report. Look into whether you qualify for the $8000 federal first-time home buyer tax credit.
Are there rebates available for first time home buyers?
There is currently an $8000 tax credit to those who purchased a new house in 2009. However, this tax credit only applies to new home buyers, previous home buyers will not qualify for this credit.
I claimed the first time home buyer tax credit what should i expect on this year's taxes?
Its an 8000 dollar tax credit. that's the max you can get. its 10 percent of what you paid. So if your house was 50,000 you get 5,000 in tax credit. So take the amount you paid x .1
Does the 8000 tax credit count towards For Sale by Owner houses?
Yes it does, the tax credit counts towards the purchase of any home as long as you are a first time home buyer. follow this link for more info www.home-for-sale-fl.com/About_The_Price.html
If salary is 8000 can a person get credit card?
No
Can you get 8000 refund if you own a duplex?
Yes Duplex do Qualify for the Tax Credit I found the answer at IRS.GoV under the First Time Buyers Question and Answers Basically you can claim only the portion the the unit the owner occupies
A machine is currently recorded in the books of a business with a cost of 10000 and accumulated depreciation of 3000 the machine is sold for 8000 account for disposal?
Accounting Entry: [Debit]Cash 8000 [Debit]Accumulated Depreciation 3000 [Credit] Machine 10000 [Credit]Profit on Sale 1000
