Proving Home Ownership on Taxes

Homeownership provides tax benefits such as deductions of mortgage interest and credits for new homeowners and energy efficiency. These benefits come with strict documentation requirements to ensure people don't claim credits and deductions for which they do not actually qualify. In order to verify home ownership, you can provide a number of documents, but each must contain the same basic information. The exact documents you must give the Internal Revenue Service depend on your circumstances.

Step 1

Enter your name and address in the top section of Form 1040. The IRS will match this against the other documentation you must provide to verify the property address and ownership.

Step 2

Attach a copy of your settlement statement or Form HUD-1 if you are a first-time homebuyer. The document must include the address, purchase price, purchase date and all buyers' and sellers' names and signatures. The IRS waives the requirement for seller signatures if the buyer lives in a state that does not require sellers to sign the document.

Step 3

Provide a copy of the purchase contract if you do not have a settlement statement or Form HUD-1. It must state the address of the property, the date of purchase and the names and signatures of the buyer and seller.

Step 4

Attach a certificate of occupancy for newly constructed properties. It must include the property address, the owner's name and the date of occupancy.

Step 5

Provide IRS Form 1098, Mortgage Interest Statement, which you receive from your lender. It contains the owner's name, the address of the property and the amount of interest you paid on the mortgage during the tax year.

Tip

  • Staple the documents to the return in the order in which the corresponding line appears on the tax return.

About the Author

Lauren Treadwell studied finance at Western Governors University and is an associate of the National Association of Personal Financial Advisors. Treadwell provides content to a number of prominent organizations, including Wise Bread, FindLaw and Discover Financial. As a high school student, she offered financial literacy lessons to fellow students.

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