- A copy of the settlement statement properly executed with all necessary information completed, and a properly executed HUD-1 Form.
- For mobile home purchasers, a copy of the sales contract.
- For a newly constructed home where a settlement sheet is not available a copy of the certificate of occupancy will suffice.
The new law enacted in November, 2009, allows long term residents a tax credit for the purchase of a new home if they can demonstrate that they lived in their old home for a five year period ending on the date they purchased the new home. These taxpayers are required to attach documentation covering the five consecutive year period including;
- Form 1098 Mortgage Interest Statements,
- Property Tax Records, or
- Homeowner’s Insurance Records.
Most importantly the instructions state, “Taxpayers Claiming the First Time Home Buyers Credit, MAY NOT E File these returns”. This will likely mean longer waits for tax refunds. Click here for details.
