@smandel1980 wrote:
No change in marital status or address. The letter reads.
"Form 5405 is incomplete or missing from your return. Complete the form with the information that supports $267.00 on line 7b, Schedule 2. Also attach all supporting forms or schedules, as required."
OK, so the IRS wants to know why your credit repayment is only $267. They must think you owe more. Do you? How much credit did you receive in 2008, and did you buy the house with a spouse or another person?
The credit was 10% of the price of the house, up to $75,000, and repayable over 15 years. So most people will have a $7500 credit that is payable at $500 per year. The IRS wants to know why you are paying less.
