Rules and forms.

1. The department shall adopt rules to implement and administer this chapter . 2. The department shall create and make available forms to be used in complying with this chapter , including but not limited to the following: a. A form for designating an account as a first-time homebuyer savings account pursuant to section 541B.3, subsection 1 , paragraph “a” . b. A form for designating an individual as beneficiary of a first-time homebuyer savings account pursuant to section 541B.3, subsection 2 , paragraph “a” . c. A first-time homebuyer savings account annual report as required in section 541B.4, subsection 3 , paragraph “a” . The report shall require, at a minimum, a list of transactions occurring on the account during the tax year, and shall identify any supporting documentation to be included with the report or maintained by the taxpayer. d. A transaction report as required in section 541B.4, subsection 3 , paragraph “c” , which report shall require, at a minimum, information regarding the eligible home costs to which any withdrawn funds were applied in connection with a qualified home purchase, and information regarding the amount of funds remaining, if any, in a first-time homebuyer savings account. 2017 Acts, ch 116, §9