More home buyer tax credits answered
You can read her column about the home buyer tax credits here, with readers' questions and answers from specialists such as Mark Steber, chief tax officer of Jackson Hewitt Tax Service. A taste:
I purchased a house in early 2005 that my wife and I are now selling. Can I obtain the new $6,500 credit? I'm close to the five-year mark but will be a couple of months off.
Steber says "The code is clear about the five-year timing. Unless you can put off the closing for another four months, you will not currently qualify for the credit."