JohnW152
Expert Alumni

Deductions & credits

That’s correct.

There was a federal First-Time Homebuyer Credit available for homes purchased in 2008.  

It wasn’t a credit in the normal sense of the word, though:  the taxpayer was generally required to repay one-fifteenth of the credit each year until it was paid off in full.  Please see the IRS’ Instructions for Form 5405 (Rev. November 2021) for more information.

@sfalk1984