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nelaguz
New Member

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
DawnC
Expert Alumni

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?

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.
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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?

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

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