Form Ftb - First Time Home Buyer Savings Account - 2006

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2006 First Time Home Buyer Savings Account
MONTANA
FTB
Annual Reporting Information for Self-Administered Accounts
Rev. 12-06
Enter your name here (as it appears on your tax return): ___________________________________________
Enter your social security number here: ________________________________________________________
Enter the name and address of the financial institution where your first-time home buyer savings account is
established:
Enter your first-time home buyer savings account number here.
Enter the date you first established your first-time home buyer savings account here.
Complete the table below reporting the 2006 activity to your first-time home buying savings account.
Column A
Column B
Column C
Column D
Column E
Column F
Enter your “non-
eligible cost”
Balance – Add the
Enter the amount of
Enter the date
Enter the amount of
Enter your “eligible
withdrawals in
amounts in columns
interest or other
of your
your deposits to
cost” withdrawals in
Column E. (See
B and C, then
income earned on
deposits,
subtract from this
your first-time
Column D. (See the
the instructions for
your first-time
earnings, or
home buyer
instructions for the
the definition of
total any amounts
home buyer
savings account in
definition of
“non-eligible cost”
reported in Columns
withdrawals in
savings account in
Column B.
“eligible cost”.)
and the treatment
D and E. Enter the
Column A.
Column C.
of these
result in Column F.
withdrawals.)
1.
Enter in column F the balance of your first-time home buyer savings account as of January 1, 2006. This is
the ending balance of your first-time home buyer savings account as of December 31, 2005. If you
established your account in 2006 enter zero here as your beginning balance is established on the date of
your first deposit.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Enter the
14.
column totals
on line 14
If you have an amount entered in line 14, column E, enter it here and on Form 2,
Schedule I, line 9. Complete Form FTB-P (Penalty Calculation) if required.
Enter the ending balance reported in column F. This is your balance that is carried forward to 2007.
If you purchased your first-time home in 2006 and have a balance remaining in column F see the
instructions on how to report this balance for income tax purposes.
When you file your Montana income tax return electronically, you represent that you have retained all documents
required as a tax record and that you will provide a copy to the department upon request.
158

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