No, if you bought your home in 2009, not 2008, you don't have to repay the credit, unless you sell your home during the first fifteen years and have a profit.
This is an issue this year only because you entered 2008 as the year of purchase.
If you haven't filed your 2023 tax return yet, delete the repayment form:
- Open your return in TurboTax.
- Select Deductions & Credits.
- In the left-side menu, select Tax Tools, then Tools.
- Select Delete a form, from the list in the pop-up window.
- Select Delete next to Form 5405.
- Confirm your Delete, select Continue, then Continue with my return.
- Select Review from the left-side menu.
- Continue through the review process and file section to e-file your return.
If you have already filed your tax return, you will need to wait until after February 15 and amend your return to delete this form. Follow this link for more details.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
