Jan 25th	Repeat Buyer Tax Credit Clearly Explained – Finally
2010	Categories: Buyer's Resources & Advice

Looking for clear guidance on the new $6,500 federal tax credit for repeat home purchases...here you go. The Internal Revenue Service finally has published the exact rules for the repeat purchase credit that was signed into legislation in November.  The revised Form 5405 can apparently be found on the IRS website as of this last week. The repeat buyer credit is an addition to the well know and popular $8,000 credit for first-time buyers.  "Homeowners who have occupied the same property as a principal residence for any five consecutive years during the previous eight years may now be able... Read more

Tags: repeat home purchases tax credit

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