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itsjoanie
New Member

My ex-spouse and I purchased a home in 2008 and took the first time home buyers credit. In 2015 I transfered the house into her name. On form 5404 I see this as being an exception for not having to pay back the credit. In 2016 that particular house was so

 
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3 Replies
lmay2017-
New Member

My ex-spouse and I purchased a home in 2008 and took the first time home buyers credit. In 2015 I transfered the house into her name. On form 5404 I see this as being an exception for not having to pay back the credit. In 2016 that particular house was so

I am having an issue with this.  My ex-spouse and i purchased a home in 2008 and it was transferred to her via divorce and she refinanced and as of last year she was liable for repaying the remainder of the credit but i still have to fill out the form on my taxes as my Social was the primary connected with it and this software won't simply allow me to fill out the form and this is the only thing holding up our tax return from being completed and filed.
NancyG
New Member

My ex-spouse and I purchased a home in 2008 and took the first time home buyers credit. In 2015 I transfered the house into her name. On form 5404 I see this as being an exception for not having to pay back the credit. In 2016 that particular house was so

Taken from IRS website:  https://www.irs.gov/uac/first-time-homebuyer-credit-scenarios

S14. During their marriage, Taxpayer A and B purchased a home together and claimed the credit. Later they divorced and Taxpayer A transferred the home to Taxpayer B under the divorce decree. Taxpayer A did not keep any interest in the home. Are repayments waived for Taxpayer A?

A. If the home was purchased in 2008, Taxpayer A is no longer required to repay any remaining amount of the credit. Taxpayer B now is responsible to repay the entire remaining amount of the credit in equal annual installments. If they purchased the home in 2009 or 2010, and Taxpayer B sells or stops using the home as her main home the home within 36 months after the purchase date, Taxpayer B must repay the entire amount of the credit if there is gain on the sale of the home.

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My ex-spouse and I purchased a home in 2008 and took the first time home buyers credit. In 2015 I transfered the house into her name. On form 5404 I see this as being an exception for not having to pay back the credit. In 2016 that particular house was so

IN 2008 MY EX-HUSBAND BOUGHT A 2008 CLAYTON MOBILE HOME AND CLAIMED ME AND MY KIDS ON HIS TAXES WITH A FIRST TIME HOME OWNERS MY DAUGHTER GOT KILLED IN 2009 AND IT CAUSED US TO GET A DIVORCE AND HE GOT THE HOME IN THE DIVORCE IN 2010 WILL THE IRS CLEAR ME OF THE FIRST TIME HOME OWNERS I AM NEEDING TO GET THIS FIXED I AM ON SSDI 

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