Generally, the repayment period for these first time buyer credits ended in 2024. TurboTax 2025 does not support Form 5405 for general repayment, as the 15-year repayment period for the 2008 credit ended with the 2024 tax year. If a 2025 filing is required due to a 2008 home sale or change in use, Form 5405 must be filed manually via Internal Revenue Service paper return.
You can use the IRS online account tool to view your repayment history or contact the IRS directly to find your remaining balance. IRS First-Time Homebuyer Credit Account Look-up tool. You can also log in to your IRS Online Account to view your balance, or contact the IRS at 800-919-0352.
If you have missed payments, the IRS generally adds them to your tax due in the current year. If you sold the home for a loss or less than the credit amount, you may be able to limit the repayment amount.
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