How to amend my 2008 taxes?
I have linked below the 1040X and the instructions. Also the from 5405 which needs to be completed and sent with the 1040X. The amount of the 5405 will be entered on line 15C when you complete the amendment. Every line in columns A and C should be the same until you get to line 15. The rest is just following the instructions. So after you do close on the house, be sure you meet all the criteria for the first time home buyers credit before filing the amendment. Two unmarried individuals buying a principal residence may allocate the credit among the individual owners in any reasonable manner. The total amount allocated between the owners may not exceed the smaller of $8000 or 10% of the purchase price of the house. FYI, it could take up to 12 weeks to receive a refund on an amended income tax return. Good Luck, Laura H – H&R Block – Senior Tax Advisor 5 **This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts tha
