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    "Long-time" homebuyer credit

    I have a client who settled on a new home in October 2009. Am I right in assuming that he cannot take the long-time homebuyer credit?

    #2
    You are correct. It had to close on or after Nov. 6, 2009.
    Gary B., E.A.
    ____________________________________
    I make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information.

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      #3
      Originally posted by capnkirk4 View Post
      I have a client who settled on a new home in October 2009. Am I right in assuming that he cannot take the long-time homebuyer credit?
      Why didn't you advise him to wait a month?............................................ ....................

      Ha, Ha, just kidding...I seemed to receive that response with the energy credits that expired 12/31/07. Some clients brought in receipts for the windows and doors and I'd try to explain not for 2008 but they're back for 2009. If only we had known we could have planned!!!!
      http://www.viagrabelgiquefr.com/

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        #4
        I like that:

        --> If only we had known we could have planned!!!! <---

        reply would be:

        "If only you had planned you would have known".
        "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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          #5
          Financial advisor

          Originally posted by Jesse View Post
          Why didn't you advise him to wait a month?
          Malcom Berko gives stock advice on the same principle: "Buy good stocks that go up. If they don't go up, don't buy them."

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