Form 5405 is used for two purposes:
- Notify the IRS that the home for which you claimed the credit was disposed of or ceased to be your main home.
- Figure the amount of the credit you must repay with your tax return.
You file Form 5405 to pay the remaining balance of the credit when you sell/dispose of your main home. If you have not sold/disposed of the home, you would not have submitted this form.
Making a repayment each year on your tax return does not require Form 5405. During the TurboTax prompts, if you answer Yes, the home is still my main home, TurboTax would prompt you for repayment but would not include Form 5405. If you were to answer No, the home is no longer my main home, then TurboTax would prompt you to include Form 5405.