first time home buyer – owner loan

November 19, 2010

Tax implications for first time home buyer other than the federal credit?

bcampolo asked:


I am closing on a home soon and would like to amend my 2008 tax return to claim the FTHB tax credit. Does amending a 2008 tax return solely for this credit affect any areas of the 1040x other than lines 7 & 10 (Credits & Total Tax)? Are any other areas affected by the purchase of a home in this situation? (I will be attaching form 5405 as well) Thanks!

Gilbert

July 19, 2009

First Time Home Buyer Credit Application Question?

Josh C asked:


What all do I need to include on the 1040X to get my $8k credit as a first time home buyer?

Is there someone I can call for help. Just want to make sure it’s filled out properly…Thanks!

Lois

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