Did you take the $8000 tax credit? Thinking about selling?

Repaying the Credit and Understanding your IRS Notice

Some individuals are required to repay the credit. The IRS notified taxpayers who claim the first-time homebuyer credit of any applicable repayment requirements. Different IRS letters applied to different situations, including a purchase of a home in 2008, 2009 or 2010, a sale of a main home or a change in the use of the main home. Find out more. [Added 1/4/11)

Lisa Schoeffler, CRS, ASP
Prudential California Realty
805-766-7373
GaryandLisa.com
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