Discussion Archives:FT HomeBuyer Credit: new legislation?

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Advanced Tax Questions --> FT HomeBuyer Credit: new legislation?


Discussion Forum Index --> Tax Questions --> FT HomeBuyer Credit: new legislation?

Adam13 (talk|edits) said:

10 November 2010
Hello,

I've been curious, now that the credit has come to a close, whether there will be any legislation to give any or partial relief to those individuals who are relocated due to job transfers or new employment, akin to the pro-ration of the personal residence exemption.

Or perhaps continuation of the credit if you dispose of the home due to relocation, but then acquire another primary resident w/in a certain time frame.

Or, finally, if the credit could assume the 15-yr payback plan of the original $7,500 credit.

If anyone has heard any buzz, or perhaps some good 'old hearsay, let us know!

Thanks!

Adam

Solomon (talk|edits) said:

10 November 2010
How many more hand outs would you like to see?

Adam13 (talk|edits) said:

11 November 2010
Thank you for your constructive input?

David555 (talk|edits) said:

11 November 2010
How about a handout for people with student loans? Thanks Santa Obama!

Adam13 (talk|edits) said:

11 November 2010
Wait...hmmm...yep...oh wait no, no this isn't www.politicsalmanac.com

=D

DZCPA (talk|edits) said:

11 November 2010
No buzz I know of on this credit being prorated. I apologize for Solomon and David555. They apparently have issues with government handouts. Adam13, stay active on this site. You will learn a lot.

Trillium (talk|edits) said:

11 November 2010
Solomon may be alluding to the fact that the people you appear to want more relief for do - already - have relief available in the original version of Sec. 36. In particular, see Sec. 36(f)(3).

Solomon (talk|edits) said:

11 November 2010
Yes Trillium, it seems to me ยง36 is adequately generous.

Death&Taxes (talk|edits) said:

11 November 2010
This discussion neatly reflects the effects of tax expenditures being written into the Code; there is always someone who doesn't want them to be eliminated.
Personal tools