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D
dallassz
April 13, 2022
Question

Can I add a 500$ deposit on my first time home owners loan to my tax return?

  • April 13, 2022
  • 1 reply
  • 0 views
First time home owneres no interest Loan to be payed every year at tax time.?

1 reply

DaveF1006
DaveF1006
April 13, 2022

If you are asking if you can deduct this amount from your return, the answer is no. 

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    D
    dallasszAuthor
    April 15, 2022

    iCREDIT. CAN I MAIL FORM 5405  TO ADD AMENDENT FOR  FIRST TIME HOMEOWNERS REPAYMENY  FOR 2021 TAX?

    A
    AnnetteB6
    April 17, 2022

    If you have already filed your return and you did not include Form 5405, but you should have, then you will need to create and file an amended return.  Form 5405 cannot be sent on its own to the IRS.

     

    Take a look at the following TurboTax articles for further instructions:

     

    How do I amend my 2021 return?

    How do I add or remove Form 5405 for the first-time homebuyer credit?

     

    @dallassz

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