Question

Can someone Clarify this question for me? "Did you own your 2021 principal residence?"

Forum|Forum|3 years ago
February 26, 2023
1 reply
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My main question about this is that we purchased a home at the end of august 2021, so would my main residence be the apartment that we lived the rest of the year prior to that? I just want to be sure I answer that question correctly.

KrisD15

If this is asked during the initial interview, answer Yes, you owned your principal residence.

The program is trying to get ready for things a homeowner would need on their tax return, such as reporting Home Mortage Interest and Property Taxes.

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C

cgarcia23eAuthor

Hi KrisD,

I should answer yes even though we only lived in the property we purchased in 2021 for about 4 months? I would think the principal residence was the apartment we rented for the rest of the year.

Edit:

The only reason I ask for more clarification is because I get another 400 or so dollars to my Illinois return, but I don't want any trouble down the line by saying that was my principal residence even tho most of the year we lived in an apartment that we rented and not owned.