Thread: Home and Auto $8000 first time home buy tax credit
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Old 02-18-2009, 10:11 PM   #29
stlchiefs stlchiefs is offline
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Join Date: Mar 2007
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Quote:
Originally Posted by BWillie007 View Post
Good call. It says it has to be your principal residents. So, obviously I assume if you don't live in it you can't use the credit. I'm planning on living in it and renting out a couple rooms. Would I still qualify? I just want to make sure they won't fuck me at the end of the year when I'm waiting for my 8 grand.
Claim it on your 08 return and you won't have to worry about waiting. If you've already filed 08 file an amendment and get it now. I think you'll be fine renting out a couple rooms if it's your principal residence still. It might be worth giving an accountant a quick call on though. Cash always makes things easier with a situation like that too as it's a bit harder to track if you catch my drift.
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