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You aren't required to file Form 5405 if you are making an installment payment of See the exceptions to the repayment rules in the instructions for Form 5405. Purpose of Form. Notify the IRS that the home for which you claimed the credit was disposed of or ceased to be your main home in 2016. Complete Part I and, if applicable, Parts II and III. Figure the amount of the credit you must repay with your 2016 tax return. Complete Part II and, if applicable, Part III. Future Developments. For the latest information about developments related to Form 5405 and its instructions, such as legislation enacted after they were Instructions for Form 5405. (Rev. December 2010). First-Time Homebuyer Credit and Repayment of the Credit. Section references are to the Internal Revenue 10 May 2017 Form 5405 (Repayment of the First-Time Homebuyer Credit) figures the repayment amount (actually, an Follow the onscreen instructions. 26 Oct 2016 Form 5405, Repayment of the First-Time Homebuyer Credit. Use this form to: Notify the IRS that the home for which you claimed the credit was disposed of or ceased to be your main home. Figure the amount of the credit you must repay with your tax return. Instructions for Form 5405. (Rev. December 2016). Repayment of the First-Time Homebuyer Credit. Department of the Treasury. Internal Revenue Service. Each spouse who meets condition 1 or 2 under Who Must File must file a separate Form 5405. Each spouse must enter only his or her name and social security Who Needs Form 5405? of the two above criteria, which you can review via the instructions for Form 5405. Completing Form 5405. Form 5405 has three parts.
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