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March 4, 2023
Question

Hi, I bought a Condo in 2022 that is being built. I take possession in 2023 sometime. What year do I claim the Home Buyer Grant?

  • March 4, 2023
  • 1 reply
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    1 reply

    March 7, 2023

    The Home Buyers’ Amount (HBA) is a non-refundable credit that allows first-time purchasers of homes, and purchasers with disabilities, to claim up to $5,000 in the year when they purchase a home.

     

    For more information, visit TurboTax webpage: Who Can Benefit From the Home Buyers’ Amount? and TurboTax FAQ: What tax credits or benefits are available to first-time home buyers?

     

    Thank you for choosing TurboTax!