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re: IRS Form 8828 - Recapture of Federal Mortgage Subsidy

Posted on 1/19/13 at 2:00 pm to
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 1/19/13 at 2:00 pm to
quote:

Can I do them separate?
No, the Form 8828 is an attachment to Form 1040 detailing the computation of a specific amount of tax. It gets reported on Line 60 with the code "FMSR".
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 1/19/13 at 2:41 pm to
Thanks! Sounds like you just saved me a big headache! Any recs on what to look for in an accountant? I have never used one before.

Also, what should the price tag look like for a basic return (married filing jointly, 2 kids, daycare deduction, interest, rental and some stock income) plus the form 8828? Just ball park it so I have an idea when I get a price quoted.
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