katherrera9
Returning Member

Get your taxes done using TurboTax

Hello,

 

For those that went through this experience, can you please share if you indeed had to pay taxes on Bank of America's Down Payment Grant Program? I am currently being offered this grant, so it would be great to receive first-hand experience. Were you able to make an entry and cancel out the grant amount? Or if you did have to pay taxes on it, was the tax rate on it 15.3%? Please help!