08-16-2003, 01:49 AM
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 Re: What are qualified acquisition costs?--First time home "Dave Woods, EA" <d.woods[at]verizon.net> wrote: - quote - > "Patrick" <patrick[at]networkscompany.com> wrote:
Yes, I have found this info, I wanted to make sure what I> > Can someone tell me what the "qualified acquisition costs" > > are? > > > Like down payments, inspections, prepaid interest, insurance > > etc?? > > > I bought a house 2.5 yrs ago, withdrew $$$$ from IRA, and > > now am getting the audit papers. I need to break down where > > the money went, and want to make sure I get it straight the > > first time. > Well the amount Is limited to only $10k. Why not look at > the HUD statement. Should provide you with everything you > need. list as the cost is eligible. There are a ton of different fees etc...and I am not much of an accountant... << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
08-15-2003, 12:45 AM
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| Re: What are qualified acquisition costs?--First time home "Patrick" <patrick[at]networkscompany.com> wrote: - quote - > Can someone tell me what the "qualified acquisition costs"
Well the amount Is limited to only $10k. Why not look at> are? > Like down payments, inspections, prepaid interest, insurance > etc?? > I bought a house 2.5 yrs ago, withdrew $$$$ from IRA, and > now am getting the audit papers. I need to break down where > the money went, and want to make sure I get it straight the > first time. the HUD statement. Should provide you with everything you need. -- David M. Woods, EA Boston, MA 02109 Postings here are general information only and not to be relied upon as advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| acquisition, costsfirst, home, qualified, time |
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