FTH credit and amended return

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  • Gretel
    Senior Member
    • Jun 2005
    • 4008

    #1

    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.
  • ChEAr$
    Senior Member
    • Dec 2005
    • 3872

    #2
    Originally posted by Gretel
    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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    • Gretel
      Senior Member
      • Jun 2005
      • 4008

      #3
      Originally posted by ChEAr$
      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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