We filed our taxes, and now found a great inexpensive house we like. Is it possible to still get the 1st time home buyers credit of up to $8000? We live in Wisconsin and meet the income requirements.
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2 Responses to “With the new home-buyers tax credit, what happens if you have already filed taxes, can you still get the money?”
Dear Red: Just amend your federal return and enclose form 5405 to claim the $8000 (10% 0f purchase price or max $8000) credit after you close on the house. You must close before Dec 1 2009.
This advice was prepared based on our understanding of the tax law in effect at the time it was written and it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor
If you meet all the other requirements, just file a 1040X (amended return) and any other form that is needed to claim the credit. See
Dear Red: Just amend your federal return and enclose form 5405 to claim the $8000 (10% 0f purchase price or max $8000) credit after you close on the house. You must close before Dec 1 2009.
This advice was prepared based on our understanding of the tax law in effect at the time it was written and it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor