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Tax Deadline

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Senior Contributor

Tax Deadline

IF my mortgage goes through this year, what is the "deadline" that I'm reading about to get the tax credit for both the interest, and possibly the penalty-free 10K withdrawal from the 401K?

 

I guess I also want to know, at what point in 2011 should I give up and wait until 2012?

 

Thanks All!

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 1 of 5
4 REPLIES 4
Senior Contributor

Re: Tax Deadline

BUMP

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 2 of 5
Community Leader
Super Contributor

Re: Tax Deadline

Where are you reading this?

Helping people with Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
In Irvine, CA and lending in all 50 states

Information that is needed to determine if you qualify for a mortgage

Message 3 of 5
Senior Contributor

Re: Tax Deadline

Hi, Shane.  I read it on here in one of the posts.  IDK what it said exactly.  Are you saying that there is not a deadline in the year, then?  That someone can buy a house in Oct/Nov and still write off the interest?  THANK U

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 4 of 5
Community Leader
Super Contributor

Re: Tax Deadline

I have not heard of any deadlines for mortgage interest deductions or penalties for using a 401k to purchase a home.  Although I am not the foremost expert on tax advice.

Helping people with Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
In Irvine, CA and lending in all 50 states

Information that is needed to determine if you qualify for a mortgage

Message 5 of 5
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