Per
the IRS, Instructions for Form 5405, Repayment of First-Time Homebuyer Credit,
you would have needed to include Form 5405 in your 2014 tax return and paid the
balance of the homebuyer credit. In some cases, the balance is waived (foreclosure, short sale, etc.) You will need to amend your 2014 tax
returns to repay the homebuyer credit.
You can look
up your account and balance at this link: https://www.irs.gov/individuals/first-time-homebuyer-credit-account-look-up
Form 5405 instructions read: Part I. Disposition or Change in Use of Main Home for Which the Credit Was
Claimed Complete
- Part I if you
claimed the first-time homebuyer credit for a home purchased in 2008 and
either you disposed of the home or it ceased to be your main home in
2017.
- This includes
situations where: You sold the home (including through foreclosure);
- You
converted the entire home to business or rental property;
- You abandoned the
home (except in connection with a sale or foreclosure);
You can see the info from above on page 1 of the
instructions under Specific
Instructions Instructions for Form 5405
TurboTax can help you with the amendment of your 2014 taxes. Please see the following FAQ:
https://ttlc.intuit.com/replies/3288565
