In 2007 I bought a 5 acre parcel of dirt for investment purposes. I was given a Form 1098 to fill for it, and then I lost the land in 2008 due to fraud and theft. I never owned a house on it and I never declared it my primary address. During this time I lived with my parents until May 2009 I bought my first house ever. I applied for First time home buyer credit, but was denied because I filled a form 1098 on my 2007 tax returns. How can I fight this? What do I need to provide to prove I never lived in a different state and owned a house on it. It was just dirt when I entered into a contract for deed. I never received a deed… so how can I show the IRS I am okay for the credit. They saw the 1098 and threw a red flag, but I never lived on an unamed dirt road in the middle of nowhere. Any help please!
The landowner sent me the 1098 form. I did my taxes using turbotax and the form needed to be entered. He was selling the same parcel of property to more than one investor and that was fraud. I had to sue him to get my money back. So how can I prove that I never lived there… I never declared that property as my primary address.
I never intended to write off anything, the landowner sent me the 1098 form. I just followed the turbo tax procedures.
I entered into a Contract for Deed on a parcel of five acres of undeveloped land with the landowner in 2007. A deed was never issued or registered in my name. I never took out a loan and I cannot provide a physical address because there is only a dirt road that leads to these barren lots. This was an investment to buy land and sell it at a later time. I sued the landowner for fraud and we settled the case where my monies I had invested were returned to me.

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