So I heard from a couple sources that Soulfire Grand Master's buyback ability won't work when using it on a flashback spell in the graveyard since it'll be exiled before it'd work. If that's true, I'm now wondering how it interacts with rebound. Would it be able to work when you're initially casting the spell, and/or would it work when its rebound effect goes off?
If you cast a spell with rebound from your hand, it will exile itself as part of its effect.
As such, it will never attempt to go to the graveyard for the Soulfire's replacement effect to put it in your hand.
This means it will go into exile; Soulfire's ability won't do anything.
If you cast it from anywhere outside of your hand (such as from exile via the rebound), it will go to your hand instead of your graveyard. This is because whether it was cast via rebound or not doesn't matter - it was cast from outside of your hand, and does not have the rebound effect. As such, it will attempt to go to the graveyard, and thus Soulfire Grand Master will replace that effect with putting it into your hand.
A spell that instructs you to exile it (for example, Temporal Trespass) won’t be put into your hand because it’s not put into your graveyard as it resolves.
Edit:
Soulfire's ruling is actually misguiding, since rebound isn't what it appears to be.
Although the reminder text for rebound is a strict "exile it.", and not worded as a replacement effect, the full wording states that it is in fact a replacement effect. (It says exile it instead of putting it into your graveyard). As such, both Soulfire and Rebound attempt to put the card somewhere rather than into your graveyard as a replacement effect.
TheJord01 is right.
You can choose to put it either in your hand or in exile when you cast it from your hand and use Soulfire's ability.
Casting it from exile leaves off the rebound, so Soulfire's ability makes it go to your hand.
Correction: Soulfire Grand Master's activated ability states that it only affects instant or sorcery cards you cast from your hand, not from anywhere else (such as from exile via rebound).
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If you cast a spell with rebound from your hand, it will exile itself as part of its effect.
As such, it will never attempt to go to the graveyard for the Soulfire's replacement effect to put it in your hand.
This means it will go into exile; Soulfire's ability won't do anything.
If you cast it from anywhere outside of your hand (such as from exile via the rebound), it will go to your hand instead of your graveyard. This is because whether it was cast via rebound or not doesn't matter - it was cast from outside of your hand, and does not have the rebound effect. As such, it will attempt to go to the graveyard, and thus Soulfire Grand Master will replace that effect with putting it into your hand.
See Post 4 for retraction.
No longer staff here.
Edit:
Soulfire's ruling is actually misguiding, since rebound isn't what it appears to be.
Although the reminder text for rebound is a strict "exile it.", and not worded as a replacement effect, the full wording states that it is in fact a replacement effect. (It says exile it instead of putting it into your graveyard). As such, both Soulfire and Rebound attempt to put the card somewhere rather than into your graveyard as a replacement effect.
TheJord01 is right.
You can choose to put it either in your hand or in exile when you cast it from your hand and use Soulfire's ability.
Casting it from exile leaves off the rebound, so Soulfire's ability makes it go to your hand.
No longer staff here.