On Friday, January 15th the IRS released the 2009 Form 5405 (Rev. December 2009) that reflects the
changes made by Public Law 111-92, the Worker, Homeownership,
and Business Assistance Act of 2009. You can download a copy the new form at: http://www.irs.gov/pub/irs-pdf/f5405.pdf .
The instructions for Form 5405 can be downloaded at: http://www.irs.gov/pub/irs-pdf/i5405.pdf .
The first-time homebuyer credit
may be claimed for homes purchased before November 7, 2009, for
2008 by filing the 2008 Form 5405 with a 2008 original or amended return.
The 2008 Form 5405 may not be filed with 2009 returns. Only the new
December 2009 revision, once issued, may be used for filing with tax year
2009 returns. Likewise, only the December 2009 revision may be used for
homes purchased after November 6, 2009, regardless of whether you claim
the credit for 2008 or 2009.
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