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    jwoods1's Avatar
    jwoods1 Posts: 2, Reputation: 1
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    #1

    Jan 23, 2012, 08:14 AM
    8000 tax credit for 2010
    If I purchased ahome on July 17th 2010 and no bank or mortgage company was involved in purchase of this home and Iclosed before September 30th 2010 .Do I qualify for the 8000 tax credit.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jan 23, 2012, 08:45 AM
    Yes, you could have taken the credit on your 2010 tax return, assuming that the purchase qualified for the first-time home purchase (it's your main home, you qualify as a "first time buyer, " you did not buy it from a relative, and you still own it). You can submit an amended 2010 tax return form 1040-X to take advantage of this. For more info see: First-Time Homebuyer Credit
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    jwoods1 Posts: 2, Reputation: 1
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    #3

    Jan 24, 2012, 01:15 PM
    I bought a home on july17th 2010 and wanted to know that if I paid cash for it without any bank or mortgage company was involved in the purchase of that home.Did I qualify for the 8000 tax credit since the home was closed on before the September 30th closing deadline.And I was told that I could by filing an amended tax return for 2010.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #4

    Jan 24, 2012, 01:24 PM
    Quote Originally Posted by jwoods1 View Post
    I bought a home on july17th 2010 and wanted to know that if I paid cash for it without any bank or mortgage company was involved in the purchase of that home.Did I qualify for the 8000 tax credit since the home was closed on before the september 30th closing deadline.And I was told that I could by filing an amended tax return for 2010.
    Correct.

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