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5405 Tax Form Question

I chose the option that my home was no longer my main home as of December 31 2015 and it removed the form. I'm guessing that means that a repayment is no longer needed but I would like to make sure of that and I don't want to start my taxes all over again.  Do I need to add it back or can I restart from where I signed in before?
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DianeW
Expert Alumni

5405 Tax Form Question

When the home ceases being your main home it triggers a full repayment that year (or forgiven in some circumstances) under no circumstances do you keep paying the next year. Whether there was a gain or loss on the home determines the amount to repay, if any.

More information can be found by using this link:   First Time Homebuyer Credit Q&A

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