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I have a contract on a new home and will be selling my current home. Am I eligible for the tx credit

  • February 28 2010 - Fort Worth
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Answers (2)

Here is a link to an IRS video on You Tube that gives a quick and concise overview.



 NEW HOMEBUYER CREDIT, NOV 2009
  • March 05 2010
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Here are 2 websites that provide great information.  If you have owned the home you are getting ready to sell for 5 years or more you may be eligible for up to $6,500.  There are income restrictions so review the websites carefully.  Keep in mind in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
Homebuyer tax credit - IRS instructions
http://www.federalhousingtaxcredit.com/faq2.php
  • February 28 2010
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