The Federal Tax Credits Blog

Question: I have completed form 5405 to amend taxes for Home Buyers Tax Credit, what line items do I fill in on 1040X?

I am only amending my taxes for the purpose of the 1st time home buyers’ credit. I have never amended my taxes. Do I need to fill in all the blanks on form 1040X? Or just what applies and which line items apply?

Answer: at this point in time it’s kind of dumb filing an amended return – you will probably get your 2009 refund long before the 2008 amended return gets processed (4-5 months+)

Move now on home tax credit

If you’ve been holding back on getting involved with the new $6,500 federal tax credit for repeat home purchases, there’s no more excuse for inaction.

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