News from the RI Association of REALTORS® and State-Wide MLS

Taxpayers who claim the Homebuyer Tax Credit on their 2009 return must submit a paper return due to the additional documentation that must be included.  Recently released Form 5405, First-Time Homebuyer Credit and Repayment of the Credit must be attached to the return along with one of following as noted by the Internal Revenue Service.

Here is a copy of Form 5405, which is also saved under our Property Taxes and Incentives page.

For more details, see the First-Time Homebuyer Credit at www.IRS.gov.