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How to use or fill out IRS First-Time Homebuyer Credit with DocHub
- Click ‘Get Form’ to open the IRS Form 5405 in our editor.
- Begin by entering your social security number and the name shown on your return at the top of the form.
- In Part I, indicate the date you disposed of or ceased using your main home for which you claimed the credit. If applicable, check the box confirming you or your spouse were members of uniformed services and sold the home under specific conditions.
- Select the appropriate box that describes your situation regarding the sale of your home. This will guide you through whether repayment is required or if you can stop here.
- Proceed to Part II to calculate any repayment amounts. Enter the amount of credit claimed and any repayments made in previous years as instructed.
- Complete Part III only if necessary, following instructions for calculating gain or loss from selling your home.
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