Question
If the taxpayer purchased a home in 2008, still live in it as their main home and took the First-time Homebuyers Credit, which of the
If the taxpayer purchased a home in 2008, still live in it as their main home and took the First-time Homebuyers Credit, which of the following is true for 2018?
| a. They must file Form 5405 and make the annual installment payments on line 60b, Schedule 4. | ||
| b. No Form 5405 is needed, enter the annual installment payment on Schedule 4, line 60b. | ||
| c. No Form 5405 is needed, enter the annual installment payment on Schedule 1, line 17. | ||
| d. They must file Form 5405 and make the annual installment payment on Schedule 1, line 17. |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
