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Do I qualify for the 6500 tax credit?

Profile picture for mistyf89
I sold a house i had lived in for 6yrs in 7/09.  Then bought a house in 7/09 which was more expensive than the house I sold.  Do I qualify?  Or is it only starting this month 10/09?
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November 07 - US
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Answers (1)

Profile picture for MikeEmery
Real Estate Agent
Contributions: 2457
Zillow All-Star

Since December 2008

If you closed on your second home prior to 11/5/09 then you would not be eligible for the new tax credit. The tax credit is not retroactive to earlier purchases. You would need to close on the property AFTER the law was enacted. 
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November 07
 

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