| If a taxpayer buys a home in Dec 2009, how should the Homeowners credit be claimed?
If a taxpayer has purchased a home in December 2009, and that taxpayer has already filed a 2008 tax return, an interesting question arises as to whether or not the taxpayer is required to file an amended 2008 return to claim the homeowners credit or would the taxpayer be required to claim that credit on their 2009 return?
The IRS will allow the taxpayer the option to choose to either amend their 2008 tax return to claim their Homeowners tax credit or to claim this tax credit on their 2009 tax return. Thus, the taxpayer has the option to decide which approach suits him or her the best.
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