Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 28, 2022 2:15:50 PM

First time home bought in 2016 but never claimed the home buyers amount. Which lines do I have to go over and revise? do i change line 181 and 369?

the house was bought in cash and was a huge fixer upper, but it was still my first and only house. I live in it since I finished renos. Please help. thanks!

 

line 181 - Capital Gains/Losses

 

line 369 - Home Buyers amount

 

I can't find or change line 31270 which is what the cra website mentions.

0 1 275
1 Replies
Level 3
Apr 21, 2022 9:08:43 AM

Unfortunately, in order to claim the home buyers' tax credit the farthest, you can go back to claim the credit is 4 years. If you purchase a new primary place of residence you can claim this credit. you are able to use this credit once every 4 years.

 

For more information please refer to our TurboTax article: Who Can Benefit From the Home Buyers’ Amount?

 

Thank you for choosing TurboTax