Get the free form 5405

Information about Form 5405 and its separate instructions is at www.irs.gov/ form5405. OMB No. 1545-0074. Attachment.

How to fill out form 5405

How to fill out form 5405 rev December:

1. Start by downloading the form: You can find form 5405 rev December on the Internal Revenue Service (IRS) website or request a copy by mail.
2. Enter your personal information: Begin by filling out your name, Social Security number, and current address in the designated spaces on the form.
3. Provide property information: If you're claiming the first-time homebuyer credit, enter the address of the property for which you're making the claim. Indicate whether you purchased the property in 2008, 2009, or 2010, and provide the purchase date.
4. Calculate your credit amount: Form 5405 rev December includes a worksheet that helps you determine the credit amount you are eligible for. Fill out the worksheet by following the instructions and enter the calculated credit amount on the form.
5. Complete Part II: In this section, you need to provide information about any previous claims made for first-time homebuyer credit, repayment amount if applicable, and additional details requested.
6. Review and sign: Carefully review all the information you have entered on the form to ensure it's accurate. Sign and date the form in the designated areas.

Who needs form 5405 rev December:

1. First-time homebuyers: Form 5405 rev December is primarily intended for individuals who are claiming the first-time homebuyer credit. It is used to determine the amount of credit you are eligible for and to report any previous claims or repayments.
2. Taxpayers who purchased a home in 2008, 2009, or 2010: This form is specifically applicable to individuals who bought a home during these years and meet the eligibility requirements for the first-time homebuyer credit.

It's important to note that the specific eligibility criteria and requirements may vary, so it's advisable to consult the instructions provided with the form or seek professional advice to ensure accurate completion and submission.

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What is form 5405 rev december?

Form 5405 rev December is used to claim the First-Time Homebuyer Credit.

Who is required to file form 5405 rev december?

Individuals who purchased a new home as their primary residence and are eligible 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 should be filled out with the taxpayer's personal information, details of the home purchase, and calculations for the First-Time Homebuyer Credit.

What is the purpose of form 5405 rev december?

The purpose of form 5405 rev December is to claim the First-Time Homebuyer Credit for eligible taxpayers.

What information must be reported on form 5405 rev december?

Information such as the taxpayer's name, address, Social Security number, details of the home purchase, and calculations for the First-Time Homebuyer Credit must be reported on form 5405 rev December.