When I look up the information on the IRS website it shows this when I pull up my information:
Annual Re-payment Amount
The FTHBC for homes purchased after April 8, 2008, and before January 1, 2009, operates as an interest-free loan that taxpayers must repay over 15 years, beginning with the 2010 Federal Income Tax Return (the second year after the taxpayer purchased the residence). The re-payment amount for each year is 6 2/3 percent of the amount of the credit (if the taxpayer took the maximum credit of $7,500.00, dividing that amount by 15 equals a minimum payment each year of $500.00). Taxpayers must report the re-payment amount as an additional tax by including the amount on line 60b of the Form 1040 Schedule 4. If the taxpayer does not report the required re-payment on Form 1040, then the Service will assess additional tax using math error procedures.
Is there a way to report the re-payment amount as an additional tax by including the amount on line 60b of the Form 1040 Schedule 4 this on my return using this program?
Thank you
