Why is the first time home buyer credit no longer available for 2012?
If you used Turbo Tax last year it may have already transferred over. To enter the $500 payment for the 2008 $7,500 First Time Homebuyer's Credit interest free loan go to:
Federal Taxes Tab or Personal (for H&B version)
Deductions and Credits
Continue past the IRA Contribution screen
Choose Explore on my own (if it comes up)
Homebuyer Credit - Click the Start or Update button
The repayment shows up on the 1040 line 59b. I think you don't have to include form 5405 for a repayment.
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