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FTH credit and amended return

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    FTH credit and amended return

    Thought I share this with you. My son just got his refund back on an amended return filed 4 weeks ago. Plus IRS paid him $200 interest.

    So it seems there is a difference if the credit is taken on a 2008 amended return or on the 2009 return.

    #2
    Originally posted by Gretel View Post
    Thought I share this with you. My son just got his refund back on an amended return filed 4 weeks ago. Plus IRS paid him $200 interest.

    So it seems there is a difference if the credit is taken on a 2008 amended return or on the 2009 return.
    Question. Was the 2008 return filed before 4/15? And was the credit the max of 8,000?

    IOW, how was the $200 interest calculated?
    ChEAr$,
    Harlan Lunsford, EA n LA

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      #3
      Originally posted by ChEAr$ View Post
      Question. Was the 2008 return filed before 4/15? And was the credit the max of 8,000?

      IOW, how was the $200 interest calculated?
      Yes, the original return was filed before 4/15. The house closed on 8/1. for $8,000 of interest. I don't know how the interest was calculated, but at 4% it would be $160 for half a year. The return was filed around the 1st of Dec.

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