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    Fthbc Mfs

    New clients prepared their own 2009 tax returns. On Apr 26, 2010 they entered into a contract to purchase a first time home, and their escrow closed June 18, 2010.

    In preparing their 2009 returns, they filed MFS. Both returns are very simple returns having only W2 income.

    Question: Would you suggest amending only one return, keeping the MFS status and taking the entire credit of $8000? Or, should I amend both returns and split the credit? Or, should I amend to MFJ? Remember, CA is a community property state.
    Dave, EA

    #2
    With MFS filing status, the maximum credit is $4,000.

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      #3
      Thanks, I missed that one.
      Dave, EA

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