This came through the internets to us, and we thought we’d share: New Home Buyer Tax Credits-Condo Conversions do NOT qualify If you handle “New Home” transactions you are impacted by California SB 15, which was passed as part of the California budget and effective March 1, 2009. It provides for a tax credit of … Continue reading San Francisco Gets Stung Again: Condo Conversions DO NOT Qualify For Tax Credit
Tag: Tax Credit
$8000 First Time Homebuyer Tax Credit: the fine print
We would advise, before you run outside screaming, “I need to buy a house! I need to buy a house! This $8000 won’t last!” Read the fine print, particularly question 9. From the California Association of Realtors Website (verbatim): A. FIRST-TIME HOMEBUYER TAX CREDIT Q 1. What, in a nutshell, is the $8,000 tax credit for first-time … Continue reading $8000 First Time Homebuyer Tax Credit: the fine print
$15,000 Homebuyer Tax Credit Trimmed To $8,000
From the Zillow Blog: Details have not yet been ironed out, but the proposed $15,000 tax credit amendment in the economic stimulus package that was sponsored by Sen. Johnny Isakson has been trimmed down to an $8000 tax credit, according to the NY Times. This is all very preliminary until the bill is actually signed, but here is … Continue reading $15,000 Homebuyer Tax Credit Trimmed To $8,000