https://ttlc.intuit.com/community/after-you-file/discussion/state-bond-loan/01/74425#M13899 IF I RECEIVED A STATE BOND LOAN TO HELP WITH A DOWN PAYMENT FOR MY HOME, DO I NEED TO REPORT THAT ANYWHERE? Sat, 01 Jun 2019 02:35:52 GMT snale 2019-06-01T02:35:52Z https://ttlc.intuit.com/community/after-you-file/discussion/state-bond-loan/01/74425#M13899 IF I RECEIVED A STATE BOND LOAN TO HELP WITH A DOWN PAYMENT FOR MY HOME, DO I NEED TO REPORT THAT ANYWHERE? Sat, 01 Jun 2019 02:35:52 GMT https://ttlc.intuit.com/community/after-you-file/discussion/state-bond-loan/01/74425#M13899 snale 2019-06-01T02:35:52Z https://ttlc.intuit.com/community/after-you-file/discussion/no-you-do-not-report-mortgage-down-payment-assistance-on/01/74430#M13901 <P>No, you do not report mortgage down-payment assistance on your tax return.&nbsp;<B>It is not taxable income.</B></P><P><B>From IRS&nbsp;</B><A href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=2&amp;ved=0ahUKEwjU8r2mwdnKAhUC0WMKHYVMA4EQFggjMAE&amp;url=https%3A%2F%2Fwww.irs.gov%2Fpublications%2Fp525%2Fix01.html&amp;usg=AFQjCNEH4C9akzZQjzl_EjFvkZkMIXuYqw" rel="nofollow" target="_blank">Publication 525 (2015), Taxable and Nontaxable Income</A>:</P><P><B>Down payment assistance.&nbsp;</B><A rel="nofollow" target="_blank"></A>&nbsp;&nbsp;If you purchase a home and receive assistance from a nonprofit corporation to make the down payment,&nbsp;<B>that assistance is not included in your income</B>. If the corporation qualifies as a tax-exempt charitable organization, the assistance is treated as a gift and is included in your basis of the house. If the corporation does not qualify, the assistance is treated as a rebate or reduction of the purchase price and is not included in your basis.</P> Sat, 01 Jun 2019 02:35:54 GMT https://ttlc.intuit.com/community/after-you-file/discussion/no-you-do-not-report-mortgage-down-payment-assistance-on/01/74430#M13901 ToddL 2019-06-01T02:35:54Z