Claiming homebuyer tax credit: obtaining “signed” Final Settlement Statement
February 17, 2010 by Chief Editor
Filed under Blog, Buying, Housing
In Washington State, signed final Settlement Statements (HUD-1 Form) are not traditionally done. Estimated Settlement Statements are signed at escrow just prior to closing your purchase transaction. The Final Settlement Statements are mailed to parties after the transaction has closed.
After talking with a CPA, they reported that the IRS has generally accepted a non-signed FINAL Settlement Statements for those that are claiming the homebuyer tax credit. In escrow states, you will sign your estimated Settlement Statement at escrow and your FINAL is mailed to you.
For more details, please go to Legacy Escrow for a brief post about what the IRS guidelines are.