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-   -   Homebuyer Tax Credit - Final Settlement Statement (HUD-1) (https://www.askmehelpdesk.com/showthread.php?t=459529)

  • Mar 22, 2010, 10:08 AM
    Avalanche
    Homebuyer Tax Credit - Final Settlement Statement (HUD-1)
    Hi,

    I bought a home in AZ and I would like to get the first time homebuyer credit. I saw this on the IRS website under Form 5045 instructions:

    ***In addition to filling out a Form 5405, all eligible homebuyers must include with their 2009 tax returns one of the following documents in order to receive the credit:
    A copy of the settlement statement showing all parties' names and signatures, property address, sales price, and date of purchase. Normally, this is the properly executed Form HUD-1, Settlement Statement.***

    I received my final settlement statement in the mail and there are no signatures on it. And I think this is a common practice in AZ and some other states.

    I woulkd like to know if my credit request could be rejected due to missing signatures.

    Thanks,
    Avalanche
  • Mar 22, 2010, 08:53 PM
    Jaykid007

    Revisions have been made. If you have a final settlement statement, sign and date it, and mail it in with your fed return via mail.

    No need to have the seller sign it.
  • Mar 23, 2010, 10:15 AM
    Avalanche
    Quote:

    Originally Posted by Jaykid007 View Post
    Revisions have been made. If you have a final settlement statement, sign and date it, and mail it in with your fed return via mail.

    No need to have the seller sign it.


    Thanks Jaykid.
  • Apr 15, 2010, 07:47 PM
    IIQuickSilverII
    If I can get some extra help on this... what if you forget to include the HUD>.. I have mine just forgot to include today... Yah I am an idiot, I know.. thanks for help in advance
  • May 7, 2010, 12:27 PM
    AtlantaTaxExpert
    If you are lucky, the IRS will put the tax return ON HOLD and ask you to provide a copy of the closing statement, then process the return when you send them the closing statement, or REJECT the return, in which case you re-submit WITH the closing statement.

    If you are NOT lucky, they will delete the $8,000 First Time Home Buyer's Credit and process the return, and you will have to amend the return to claim the credit.

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