Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-15-2009, 02:45 AM
Junior Member
 
Join Date: Feb 2009
Posts: 1
rebate on owned Rented out house

I have availed tax rebate on my house and repaid the comleted loan amount. Now I have purchased another house on loan and rent that out. Could I get tax rebate for the the current loan?
Anuj K. Jain



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-15-2009, 11:37 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
No, a taxpayer can only claim the First Time HomeBuyer Rebate only once!

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Will a Taxpayer qualify for 1st Time HomeBuyer credit if part of the home is rented? TaxGuru Homeowner Tax 0 02-13-2009 11:42 PM
Inerest on House Loan rksnair.k Income 4 02-12-2009 06:23 PM
IRA owned shares of corporation BillsFan03 IRA/Sep 1 06-27-2008 04:14 PM
If I Use My 401k For A Down Payment On A House And I Sell The House Within 4 Months ? anunez IRA/Sep 1 06-03-2007 02:34 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.