First Tax Return Income Tax Question

by Tommy
(wollongong)

First Tax Return Income Tax Question

First Tax Return Income Tax Question

Hi, I am about to do my first tax return on e-tax, just got my friend told me that I can claim back my dividend from previous periods.

How would I able to include or claim them on e-tax? Please help.

Thank You

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Jan 20, 2024
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starstarstarstarstar 		Claiming Back Dividends
by: BB

To include or claim back dividends from previous periods on eTax, follow these steps:

Gather Dividend Information:

Collect all necessary information regarding the dividends you received in previous periods.
Access eTax Platform:

Log in to your eTax account or access the eTax platform where you will be filing your tax return.
Navigate to Income Section:

Look for the section related to income or dividends within the eTax platform.
Enter Dividend Information:

Input the details of the dividends you received in the specified fields. This may include the amount, dates, and any supporting documentation.
Check for Carryover Options:

Some platforms may have options for carrying over unused dividends from previous periods. Look for any checkboxes or prompts related to this.
Review and Submit:

Before finalizing your tax return, carefully review the information you entered to ensure accuracy. Once satisfied, proceed to submit your tax return.

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First Time Home Buyer After September 30, 2010

I purchased a home for the first time in 2010. I wasn't under contract until after April and didn't close until October 1, 2010. Do I qualify for any tax credit?

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Jan 20, 2024
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starstarstarstarstar 		Tax Credit Options for 2010 Buyers
by: BB

Yes, you may qualify for the First-Time Homebuyer Tax Credit, but the specific eligibility criteria depend on the type of credit you are referring to. There were different homebuyer tax credits available around 2010. Here are two possibilities:

Homebuyer Tax Credit (2008-2010):

If you're referring to the tax credit available between 2008 and 2010, it generally required buyers to have a signed, binding contract by April 30, 2010, and to close by September 30, 2010.
First-Time Homebuyer Credit (2010):

There was also a credit available for first-time homebuyers in 2010. To qualify, you must not have owned a home in the three years leading up to the purchase. The home purchase should have been after April 8, 2008, and before May 1, 2010.

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First Time Home Buyer Repayment

by Sarah
(Fayetteville, NC)

My husband and I took the 8000k tax credit, but had to turn our property into a rental before the three years was up. (He was discharged from the Army and we had to seek employment elsewhere). Will we have to pay the full amount back this year on our taxes or are there repayment options?

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First Time Homebuyer Credit

by Deborah
(Pennsylvania)

I moved out of my spousal home in January, 2006, and became legally separated in Jan of 2007. I have maintained a separate primary residence since January 2006. My estranged spouse remains in the home; transfer of the deed and the mortgage from joint to his name was completed 2/2010. So, for IRS purposes, I am considered "unmarried".
I rented a residence from Jan 2006 to April 2010. I purchsed a home of my own and settled on April 23, 2010.
Beacuse I am "unmarried", and did not OWN my PRIMARY RESIDENCE for 3 plus years prior to purchasing my new home, I am in fact eligible to take the $ 8,000 firts time homebuyer credit, correct ?

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First Timer

Which home closing costs can I deduct?

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