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Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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hello, we purchased a new home July 30, 2009 and lived in our

Resolved Question:

hello, we purchased a new home July 30, 2009 and lived in our previous residence from 2001 until july of 2009 do we qualify for the $6500.00 tax credit?
Submitted: 7 years ago.
Category: Tax
Expert:  Merlo replied 7 years ago.

Hello JA Customer,


The credit which allows repeat home buyers to claim a credit of $6,500 was signed in to law on 11/6/09 and it is not retroactive. It only applies to homes purchased between 11/7/09 and 4/30/09.


Unfortunately your purchase in July of 2009 would not qualify, as the credit was not in effect at that time. I am truly sorry I could not give you a more favorable answer.


If this was helpful please press the Accept button. Positive feedback is also appreciated.


Thank you JA Customer



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