My main question about this is that we purchased a home at the end of august 2021, so would my main residence be the apartment that we lived the rest of the year prior to that? I just want to be sure I answer that question correctly.
If this is asked during the initial interview, answer Yes, you owned your principal residence.
The program is trying to get ready for things a homeowner would need on their tax return, such as reporting Home Mortage Interest and Property Taxes.
Hi KrisD,
I should answer yes even though we only lived in the property we purchased in 2021 for about 4 months? I would think the principal residence was the apartment we rented for the rest of the year.
Edit:
The only reason I ask for more clarification is because I get another 400 or so dollars to my Illinois return, but I don't want any trouble down the line by saying that was my principal residence even tho most of the year we lived in an apartment that we rented and not owned.