- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
After re-reading the instructions (it has been awhile) -
Go to this IRS website for the Repayment of the Homebuyer Credit and the FAQ's - https://www.irs.gov/credits-deductions/individuals/first-time-homebuyer-credit-account-look-up
You should not be repaying the credit - See the Form 5405 Instructions - https://www.irs.gov/instructions/i5405
If the home was transferred to a spouse (or ex-spouse as part of a divorce settlement), the spouse who received the home is responsible for repaying the credit (regardless of whether he or she was the purchaser) if none of the other exceptions apply.
March 1, 2022
1:05 PM