Letter From the IRS
So I get a nice letter from the IRS today and goes like this
"Your First-Time Homebuyers Credit, which you received for a home purchased in 2008, is like an interest-free loan that you'll repay over the next 15 years. You'll make your first payment in 2011."
What the hell, if I would of known that it was a loan I would not of taken it, thanks for the heads up. I guess when the Govt gives ya a credit read the fine print, if there was any. The funny part is that I didn't even get the money, the Govt kept it for repayment of student loans, so now what, I get to pay a loan back that I never got.
"Your First-Time Homebuyers Credit, which you received for a home purchased in 2008, is like an interest-free loan that you'll repay over the next 15 years. You'll make your first payment in 2011."
What the hell, if I would of known that it was a loan I would not of taken it, thanks for the heads up. I guess when the Govt gives ya a credit read the fine print, if there was any. The funny part is that I didn't even get the money, the Govt kept it for repayment of student loans, so now what, I get to pay a loan back that I never got.
Comments are closed for this blog post
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Comment by trollmax69 on December 1, 2010 at 12:45pm
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yep you have to repay your student loan and your homebuyers credit .the government wants their money unless your make more than 2500000 than you get to forget it over 50 percent of the money loaned to doctor have never been paid and because they never pay more than their owe the irs cannot keep their refund
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