The IRS does not need the expenses and other items included on the HUD statements. They need – the buy price of the house , to determine that the price was within limits (under $800K)
Excerpt from:
1st Time Home Buyer's Documentation | Intuit Community
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Tags: expenses, HUD, HUD House, irs, items, names-held, need-the-expenses, need-the-title, other-items, price, purchase, the-price, the-purchase
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Check program specific guidelines for the categories that qualify for the first time home buyer exception 12. Borrower must be a legal resident or legal resident alien 13. Eligible borrowers must provide full income documentation and qualify using tandem first mortgage ... Once linked to the county or state website, click any one or all of the following possible links: 1) Departments, Housing or Redevelopment or Community Redevelopment, First Time Home Buyer Programs ...