Discussion:$6500 homebuyer credit

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

(Difference between revisions)
Jump to: navigation, search
Revision as of 16:40, 6 November 2009
DaveFogel (Talk | contribs)
(Section 11(j)(1))
← Previous diff
Revision as of 17:03, 6 November 2009
Solomon (Talk | contribs)
("''No credit is)
Next diff →
Line 5: Line 5:
{{ForumReplyPost|UserID=DaveFogel|Date=6 November 2009|Text=Section 11(j)(1) of the bill provides that the $6,500 credit allowed to long-time residents (IRC §36(c)(6)) is for residences purchased after the date of enactment of the Act.}} {{ForumReplyPost|UserID=DaveFogel|Date=6 November 2009|Text=Section 11(j)(1) of the bill provides that the $6,500 credit allowed to long-time residents (IRC §36(c)(6)) is for residences purchased after the date of enactment of the Act.}}
 +
 +{{ForumReplyPost|UserID=Solomon|Date=6 November 2009|Text="''No credit is allowed unless the taxpayer attaches to the relevant tax return a properly executed copy of the settlement statement used to complete the purchase.''"
 +
 +From the JCT.}}

Revision as of 17:03, 6 November 2009

Discussion Forum Index --> Basic Tax Questions --> $6500 homebuyer credit
Discussion Forum Index --> Tax Questions --> $6500 homebuyer credit

Txtaxmaster (talk|edits) said:

6 November 2009
Assuming Obama signs it, anybody know what the beginning date for the $6500 non-new homebuyer credit is? Have a client who is supposed to close today.

DaveFogel (talk|edits) said:

6 November 2009
Section 11(j)(1) of the bill provides that the $6,500 credit allowed to long-time residents (IRC §36(c)(6)) is for residences purchased after the date of enactment of the Act.

Solomon (talk|edits) said:

6 November 2009
"No credit is allowed unless the taxpayer attaches to the relevant tax return a properly executed copy of the settlement statement used to complete the purchase."

From the JCT.