On the form in front of me I am trying to copy what the first person did. It is a 2016 return. The client had a $20,000 on line 1, but on line 2 it is reading $10,000, cause the exception is 09. Where do I put that 09 number?
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https://www.irs.gov/pub/irs-prior/i5329--2016.pdf
This may help you.
Wow... look what I found just a few clicks down the page:
And the '09' code/exclusion isn't something that gets used, year after year... if you are working on the same taxpayer's return for a subsequent year.
That's why I said, if it's the same taxpayer, it's not likely it should be used.
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Yes Lisa, I was trying to recreate the original tax return which was done by someone else. That code 09 is generated by itself if the person takes the first-time home buyer. Exactly what Lisa said.
Thank you, Lisa
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