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New Member
posted Jun 6, 2019 1:59:15 AM

I purchased my first home in January 2017 in CA. Do I get a first time buyer credit if I don't have a mortgage? If so, how do I claim that on the form?

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New Member
Jun 6, 2019 1:59:17 AM

To my knowledge, the credit in CA is actually a credit for 20% of mortgage interest paid. If you didn't have a mortgage, it doesn't sound like you'd qualify for that.

2 Replies
New Member
Jun 6, 2019 1:59:17 AM

To my knowledge, the credit in CA is actually a credit for 20% of mortgage interest paid. If you didn't have a mortgage, it doesn't sound like you'd qualify for that.

New Member
Jun 6, 2019 1:59:20 AM

When you buy a home, you don't get anything just for buying your home (The first time homebuyer's credit expired years ago and has not been reinstated by congress). However, you are able to include certain items related to your home on your tax return.

You can still claim the property taxes as a itemized deduction.

To enter property tax information in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "Schedule a" in the search bar then select "jump to Schedule a". TurboTax will guide you in entering this information.