Here is how you handle this situation. I will ume that you got the full $7,500 credit. You complete form 5405 form Part IV on the second page (lines 14 thru16). Enter the results from line 16 on line 59 of form 1040 (Other Taxes). That amount should be $500. Don't be shocked when the IRS do not know how to do something. It happens all of the time.*
No comments:
Post a Comment