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Deductions & credits
@jr135 wrote:
I followed this process, including going through the "2008 Homebuyer Credit Repayment," indicating that we still live in the home. We then paid the associated tax. However, TT did not include form 5405 with our return and now we're being asked to send it. I've started an amended return but I can't tell how to indicate "include from 5405".
If you still live in the home, your annual payment should be on schedule 2, line 10. If you are paying the amount the IRS expects of you (usually $250 for married filing separately or $500 for married filing jointly) then you don't need form 5405. You only need form 5405 if you are paying a different amount than the IRS expects. (It could be you are paying less, because you forgot to include the payment, or it could be you are paying more, because you sold the home and need to pay off the remaining balance.)
Look up your IRS FTHB account and see what the IRS is expecting from you.
https://www.irs.gov/credits-deductions/individuals/first-time-homebuyer-credit-account-look-up
Then print or review your completed tax return to see what is reported on schedule 2 line 10.