Quote:
Originally Posted by Tom Hannon
Hold the phone- Paul D You said "With the volume of homes they are building and closing on, especially since for people to get the $6500 tax credit they have to close by the end of September,"
I thought that rule ended in April. We closed on August 16. Are you telling me that I get the $6500 tax credit. If this is so, prove your point and I owe you a dinner.
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If you had a binding sales contract signed by May 1, 2010, you have until September 30, 2010 to complete the purchase, or close, to receive the federal housing tax credit. ($8,000 first time buyers, $6.500 repeat buyers.)
http://www.irs.gov/newsroom/article/...206293,00.html
http://www.irs.gov/pub/irs-pdf/i5405.pdf