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Deductions & credits
@Littlebit196868 Per Champ @Opus17:
"If you sold the home in a year before 2020, the interview will not let you make a $500 payment and it will kick you out. This is because you were required to file form 5405 in the year that you sold the home to report the sale. In most cases, you will owe a full repayment of the remaining credit, unless you sold the home for a loss."
Since you sold the home in 2011 at a loss, you can skip entering Form 5405 in 2020. Save your Sale Records that show you sold the home at a loss.
It's too late to Amend your 2011 return to report the sale.
Click this link for more info on How to Remove Form 5405.
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March 24, 2021
11:49 AM