Get the free Form 5405 (Rev. December 2009). First-Time Homebuyer Credit and Repayment of the Credit

Amended Returns: Eight Facts to Know If you discover an error on your federal income tax return after you e-filed or mailed it, you may want or need to amend your return. Perhaps you are eligible

How to fill out form 5405 rev december

How to fill out form 5405 rev December:

1. Start by entering your personal information such as your name, address, and social security number in the designated fields.
2. Next, indicate whether you are filing as an individual, married filing jointly, head of household, or qualifying widow(er).
3. If you are claiming the first-time homebuyer credit, provide the relevant details including the date you purchased the home, the purchase price, and any credit received in previous years.
4. If you disposed of the home or no longer use it as your main residence, provide the details of the disposition or change in use.
5. Calculate the amount of credit you are eligible for using the formula provided in the form's instructions.
6. Enter any repayment amounts if applicable.
7. Finally, sign and date the form before submitting it to the relevant authority.

Who needs form 5405 rev December:

1. Individuals or households who are claiming the first-time homebuyer credit on their federal tax return may need to fill out form 5405 rev December.
2. This form is also required if there has been a change in the use of a previously claimed home or if the home has been disposed of.
3. Additionally, individuals who are repaying the first-time homebuyer credit may need to complete this form to report the repayment amounts.

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What is form 5405 rev december?

Form 5405 rev december is a form used for claiming the first-time homebuyer credit.

Who is required to file form 5405 rev december?

Individuals who purchased a home and qualify for the first-time homebuyer credit are required to file form 5405 rev december.

How to fill out form 5405 rev december?

Form 5405 rev december can be filled out by providing the necessary information such as the purchase price of the home, the credit amount claimed, and other relevant details as required.

What is the purpose of form 5405 rev december?

The purpose of form 5405 rev december is to claim the first-time homebuyer credit that was available for home purchases made before a certain date.

What information must be reported on form 5405 rev december?

Information such as the purchase price of the home, the credit amount claimed, and details about the property must be reported on form 5405 rev december.