Compare Mortgage Quotes

murraysasphaltmaintenance · Joined: 02 Feb 2011 Posts: 1 1.27 Dollars($)

do I need to pay my first time home buyer credit back? I didnt gain anything from this. I paid the taxes up to date and moved on.

smithsussane · Posted: Wed Feb 02, 2011 10:44 pm Post subject:

Hi murray!

Welcome to forums!

If you leave the property within 3 years of purchase, then you may be liable for paying back the tax credit. Nevertheless, you should contact your tax adviser and take his opinion in this regard.

Feel free to ask if you've further queries.

Sussane

Posted: Wed Feb 02, 2011 11:58 pm Post subject:

I agree with above.
Be prepared to pay this back.

There was 2 different credits.... but both had a payback rule. Do you know which one you got? What tax yr?

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

I bought a house on a land contract, applied for the first time home buyer credit and got it. I gave the property back to the original owner

Helpful References

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1