Claiming homebuyer tax credit: obtaining “signed” Final Settlement Statement

Chief Editor — Wed, 17 Feb 2010 18:43:36 +0000

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.

Snohomish Today - Housing and Community Blog » Home buyer tax credit

Claiming homebuyer tax credit: obtaining “signed” Final Settlement Statement