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Posts Tagged ‘2009’

Irs Forms 1040ez Instructions

Question: Need help filling out IRS form 1040X in order to get 1st time home buyer credit?

I already e-filed a 1040ez for 2008. Closing on my 1st home 4/24/09. I have filled out form 5045 but can’t figure out 1040X even with IRS’ instructions! Any help is appreciated. I know I have to close on the property first but I just want to be ready to send this stuff out.

Answer: Start at line 10 and continue through 24.

Line 10 = tax bill.
Line 11 = withholding.
Lines 12-14 as appropriate.
Line 15 is housing credit.

Except for 15, columns A and C match. For 15, $0, $X and $x for the three columns.

Do not file the 1040X before you actually close.

How to Complete a 1040EZ Tax Form : 1040EZ Tips on Earned Income Credit (EIC)