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Deductions & credits
@psederichk wrote:
So the form 5405 fills out and Schedule 2 shows the amount of repayment on line 10 but when filing electronically it does not mark the 5405 as a form to file. Last year, our tax refund was delayed because 5405 form was not submitted with the electronic submission. How do I get form 5405 to submit electronically with the rest of the tax forms?
If you claimed the credit, you must either make a payment, or file form 5405. If you forget to add the periodic payment, the IRS computer assumes that you sold the house and need to include form 5405 to report the sale and calculate any remaining repayment amount. But if you are living in the house, adding the routine payment will also clear the error.
‎February 2, 2022
10:09 AM