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Question: First time home buyer credit denied.?
I have been denied first home buyer credit since I claimed a mortgage interest on a time share owned by me in 2008. However I never owned a main home and claimed the credit in 2009 tax return, for property purchased on February 2010. IRS denied it but send the original denial letter to the previous apartment address which I never received. After few months I called the IRS, they verbally told me that the credit was denied. However they were unable to provide me with a copy of the denial letter which was not available with the IRS. However second amended return was send to them claiming the credit. They send me a letter saying the credit was denied due to the mortgage interest claimed in the year 2008. I was wondering whether the dateof last date for appeals should be considered for filing an appeal. The letter is dated August 2, 2010. Any inputs would be highly appreciated.
Answer: The latest denial is the date you use. Use the information in the letter to submit corrected information.
As for the timeshare, produce copies of your records showing that it *was* a timeshare. Since by it’s very nature you can’t actually live in a timeshare, you can show that it wasn’t your primary residence.
As for the use of the wrong address, didn’t your 2009 tax return show the address of the home you bought?
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