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|Articles|August 7, 2009

Q&A: First-time homebuyer credit documentation

Although I filed my 2008 return, the IRS subtracted the $8,000 first-time homebuyer credit and sent me a letter requesting additional information. Does the credit still exist?

Q: I followed the strategy recommended in the Your Money column that described purchasing a home for your child's use and enjoying an $8,000 tax credit ["Not a first-time homebuyer? You can still save $8,000," May 22, 2009]. Although I filed my 2008 return, the IRS subtracted the $8,000 credit and sent me a letter requesting additional information. Does the credit still exist?

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