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Deductions & credits
At the moment, some taxpayers attempting to complete Form 5405 may experience issues. We are working on a solution. Please “click here” and sign up to receive email notifications when any updates related to this issue become available.
If you bought a home in 2008 and received the First-Time Homebuyer Credit, and you sell the home within the next 15 years, any remaining credit is repaid in the year of sale. Repayment is limited to the gain, or profit, from the sale
See this IRS link First-Time Homebuyer Credit Questions and Answers: Homes Purchased in 2008 for more information.
June 3, 2019
1:39 PM