Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit-2025

Show details

4.6 out of 5

32 votes

The document is Form 5405, used for the repayment of the First-Time Homebuyer Credit. It outlines the conditions under which a taxpayer must repay the credit after disposing of or ceasing to use their main home. The form includes sections for reporting the date of disposition, determining if repayment is required based on various scenarios (such as selling to related persons or converting the home to rental use), and calculating any gain or loss from the sale. Instructions for completing the form and relevant tax implications are also provided.

Here's how it works

01. Edit your form 5405 pdf online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send form 5405 via email, link, or fax. You can also download it, export it or print it out.

How to edit Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your paperwork requires only a few simple clicks. Make these fast steps to edit the PDF Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit online free of charge:

Sign up and log in to your account. Sign in to the editor using your credentials or click on Create free account to examine the tool’s capabilities.
Add the Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit for editing. Click on the New Document button above, then drag and drop the sample to the upload area, import it from the cloud, or via a link.
Adjust your document. Make any adjustments required: insert text and photos to your Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit, underline details that matter, remove sections of content and replace them with new ones, and insert icons, checkmarks, and areas for filling out.
Complete redacting the form. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is very intuitive and efficient. Try it now!

See more Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit versions

We've got more versions of the Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit form. Select the right Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.7 Satisfied (51 Votes)
2022	4.6 Satisfied (32 Votes)
2021	4.8 Satisfied (203 Votes)
2014	3.9 Satisfied (50 Votes)
2010	4.9 Satisfied (47 Votes)
2010	4 Satisfied (51 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How do I know if I received a first time homebuyer credit?

Check your account Go to our First-Time Homebuyer Credit account look-up to receive: Balance of your First-Time Homebuyer Credit. Amount you paid back to date. Total amount of the credit you received.

Do I have to pay back the 2008 first-time homebuyer credit?

Repayment of the credit. General repayment rules for 2008 purchases. If you were allowed the first-time homebuyer credit for a qualifying home purchase made between April 9, 2008, and December 31, 2008, you generally must repay the credit over 15 years.

How do I add or remove Form 5405 for the first time homebuyer credit?

In the Your Home section select Start or Revisit next to Homebuyer Credit Repayment. On the Tell Us About Your Homebuyer Credit screen, answer Yes to the first question (it was still your main home on January 1, 2024). To delete an unwanted 5405, answer Yes to the second question (it stopped being your main home).

How to add first-time homebuyer tax credit?

Open or continue your return. Select Federal Taxes, then Deductions Credits. In the Your Home section select Start or Revisit next to Homebuyer Credit Repayment. On the Tell Us About Your Homebuyer Credit screen, answer Yes to the first question (it was still your main home on January 1, 2024).

What happened to first time home buyer tax credit?

This credit was created in response to the 2008 recession as part of the Housing and Economic Recovery Act (HERA). The credit, worth as much as $8,000, is no longer available on homes purchased after 2010, though some states have tax credits and deductions to offset the cost of buying a house with a mortgage.

first time homebuyer credit repayment

form 5405 first-time homebuyer credit first-time homebuyer credit repayment lookup Form 5405 instructions irs first-time homebuyer credit 2024 Form 5405 lookup 2008 homebuyer tax credit repayment eliminated first-time homebuyer credit irs form Form 5405 TurboTax

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What is Form 5405 first time homebuyer credit and repayment?

2021, Form 5405 was revised to facilitate repayment of the first-time homebuyer tax credits. The purpose of the newly revised Form 5405 is to: Notify the IRS that the home you purchased in 2008 and for which you claimed the credit was disposed of or ceased to be your main home in 2021.

Do I have to pay back first time homebuyer tax credit?

The credit is similar to a no-interest loan and must be repaid in 15 equal, annual installments that began in the 2010 income tax year. For example, if you bought a home in 2008 and claimed the maximum credit of $7,500, the repayment amount is $500 per year.

How do I qualify for first-time homebuyer tax credit in the IRS?

Tax Credit in General A first- time homebuyer is an individual who, with his or her spouse if married, has not owned any other principal residence for three years prior to the date of purchase of the new principal residence for which the credit is being claimed. The taxpayer exceeds the income limits.

Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit-2025

Here's how it works

How to edit Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit online

See more Form 5405 (Rev. November 2022). Repayment of the First-Time Homebuyer Credit versions

Complete this form in 5 minutes or less

Got questions?

How do I know if I received a first time homebuyer credit?

Do I have to pay back the 2008 first-time homebuyer credit?

How do I add or remove Form 5405 for the first time homebuyer credit?

How to add first-time homebuyer tax credit?

What happened to first time home buyer tax credit?

Complete this form in 5 minutes or less

People also ask

What is Form 5405 first time homebuyer credit and repayment?

Do I have to pay back first time homebuyer tax credit?

How do I qualify for first-time homebuyer tax credit in the IRS?

2008 home buyer tax credit

Try more PDF tools