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micalinda2003
New Member

Need help with repayment of first time homebuyer credit

 
1 Best answer

Accepted Solutions
Kadian
New Member

Need help with repayment of first time homebuyer credit

If you need to know how to enter it in TurboTax.

To enter the First Time Homebuyer's Credit:

  1. Click on "Federal Taxes"
  2. Go to "Deductions & Credits
  3. Scroll down to "Your Home" click "show More" to the right
  4. Click on "Start" next to "Homebuyer Credit Repayment"

If you are looking for something else please be a little bit more specific as to exactly what it is you need assistance with.

View solution in original post

5 Replies
Kadian
New Member

Need help with repayment of first time homebuyer credit

If you need to know how to enter it in TurboTax.

To enter the First Time Homebuyer's Credit:

  1. Click on "Federal Taxes"
  2. Go to "Deductions & Credits
  3. Scroll down to "Your Home" click "show More" to the right
  4. Click on "Start" next to "Homebuyer Credit Repayment"

If you are looking for something else please be a little bit more specific as to exactly what it is you need assistance with.

View solution in original post

aspark-659
New Member

Need help with repayment of first time homebuyer credit

I sold my home in 2016 which resulted in a gain and I believe I need to repay the remaining balance on my Homebuyer Credit.  When I choose the second bullet (Yes, but the home we received the credit for stopped being our main home on or before December 31, 2016), It removes the form 5405.  How can I get this back and repay the remaining balance on my Homebuyer credit?
desiraerules
New Member

Need help with repayment of first time homebuyer credit

I am looking for the same answer.
mr-shibbs
New Member

Need help with repayment of first time homebuyer credit

I’m having the same problem. Did you ever figure it out?
aspark-659
New Member

Need help with repayment of first time homebuyer credit

Yes.  See the answer above.  You can find it at the very bottom of the "Deductions & Credits" section under a link called something like "Find Additional Deductions" which should expand a new box.  Then click something like "Don't Guide Me", then "Your Home".  

Apologies for  now knowing the exact names of the links.    The website changed after I clicked them.
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