Should I amend my 2019 tax return if I've decided to purchase my first home this year? (I heard that if you might buy a house, there is a specific way to file)

posted

Connect with an expert

1 Best answer

Accepted Solutions

Should I amend my 2019 tax return if I've decided to purchase my first home this year? (I heard that if you might buy a house, there is a specific way to file)

If you purchase your home in 2020, you would not amend your 2019 return. You would claim your purchase of your house on your 2020 return (filed in 2021). There is no special way to file with a home, just entered your information into your return.

View solution in original post

2 Replies

Should I amend my 2019 tax return if I've decided to purchase my first home this year? (I heard that if you might buy a house, there is a specific way to file)

If you purchase your home in 2020, you would not amend your 2019 return. You would claim your purchase of your house on your 2020 return (filed in 2021). There is no special way to file with a home, just entered your information into your return.

Should I amend my 2019 tax return if I've decided to purchase my first home this year? (I heard that if you might buy a house, there is a specific way to file)

with a home the general deductions (some of which are limited) would be mortgage interest, points (in some cases) PMI insurance, and real estate taxes

Still have questions?