I read an article on yahoo news that claimed that you could actually use the first time home buyers tax credit as a down payment on your home as long as the home is bought by November 30, 2009. Is this true? Should I file a 1040X if I have already filed my 2008 return?
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2 Responses to “Is there a way to receive the first time home buyers credit before the home is purchased?”
what does buying a house between now and Nov 30th have to do with filing an amended tax return for last year?
No you can’t get the credit before you actually buy the house
No the mortgage and title has to be in your name in other words you have to prove that you did indeed purchase the home. Not that I promise to