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New Member
posted Apr 14, 2020 5:41:22 PM

My ex-husband kept the house and I transferred the deed so he could sell it do I have to say that I received the homebuyer incentive?

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2 Replies
Expert Alumni
Apr 14, 2020 5:59:24 PM

No, your ex-husband would be responsible for repaying the credit once you are no longer on the deed.  From the IRS:

 

Q. What are the exceptions where I may not have to repay the full credit?

A. The exceptions where you may not have to repay the full credit are:

  • If you (transferor spouse) transfer your home as part of a divorce settlement, your former spouse (transferee spouse) who keeps the home is responsible for making the rest of the repayments and you are not responsible for making any remaining repayments.

Level 15
Apr 14, 2020 6:04:03 PM

In the year of transfer you DO need to indicate it on the form 5405 so you are no longer responsible.