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New Member
posted Apr 6, 2020 6:52:32 AM

I purchased my first home in 2019 and moved in April. How do you account for that on the MI-1040CR? Turbotax insists I put in a sold property amount to prorate.

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1 Best answer
Expert Alumni
Apr 6, 2020 7:30:39 AM

It depends on what was entered. First, determine that you qualify for the credit.

There are three hurdles to pass to claim the credit:

1. Taxable value is equal or less than $135,000

2. Total Household Resources are less than $60,000

3. The property tax levied is greater than 3.2% of the Total Household Resources.

 

Next, leave the Old Home side completely blank and only enter the number of days in your new home. I was able to advance through the screens this way, and was not asked about the Old Property Tax.

 

 

For more details:

2019 MI-1040CR

2019 MI-1040CR Instructions

 

@heather-brock4

3 Replies
Expert Alumni
Apr 6, 2020 7:30:39 AM

It depends on what was entered. First, determine that you qualify for the credit.

There are three hurdles to pass to claim the credit:

1. Taxable value is equal or less than $135,000

2. Total Household Resources are less than $60,000

3. The property tax levied is greater than 3.2% of the Total Household Resources.

 

Next, leave the Old Home side completely blank and only enter the number of days in your new home. I was able to advance through the screens this way, and was not asked about the Old Property Tax.

 

 

For more details:

2019 MI-1040CR

2019 MI-1040CR Instructions

 

@heather-brock4

New Member
Apr 6, 2020 8:21:15 AM

Kathryn,

 

Thank you, yes I qualified based on the hurdles you mentioned. I deleted the form, and went back in and redid it, this time leaving the Old House info blank and it worked! Thank you so much. 

Expert Alumni
Apr 6, 2020 8:54:44 AM

Wonderful news! You're welcome!

@heather-brock4