jackson
Level 1

what effect does this have on the return

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sjrcpa
Level 15

What is a first time homebuyer installment payment?


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abctax55
Level 15

Remember that credit one got for buying a home, that for ONE year - you had to pay it back in $ 500 installments (2020 may just be the last year...).  The following year, *they* said you did not have to pay it back.

I have two (2 !) clients that are still paying back that $ 500/annually.

"*******Tax software is no substitute for a professional tax preparer*******
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sjrcpa
Level 15

Oh, that.


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