Form 5405 needs to be included with your 2022 tax return if you purchased your home in 2008 and you meet either of the following conditions:
- You disposed of it in 2022
- You ceased using it as your main home in 2022
- The program will automatically create the form based on your entries (home disposed of)
Joint return
If the repayment is being reported on a joint return, each spouse is responsible for one half of the credit received. Therefore, each spouse must report repayment for one half of the credit.
I don't know the amounts
Use the IRS First Time Homebuyer Credit Account Look-up to get account information such as the total amount of your credit or your repayment amount.
Where to enter in the program
- Federal Section
- Other Taxes
- Repayment of First-Time Homebuyer Credit