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Tag Archives: Homebuyer Credit

Homebuyer Credit and Taxes. Do We Have to Pay the IRS? – Theresia

“Dear Jim, We bought a house in 2008 and got the first time homebuyer credit of 7500$. We sold the house in 2009 due to expected military orders. (We ended up NOT getting military orders) We took a 14,000$ loss on the sale of the house. Last year we made an “installment” payment on the credit of 500$. This year ... Read More »

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