How to Claim Your First Time Homebuyer Tax Credit using form 5405 (Extended Deadline)

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How to Claim Your First Time Homebuyer Tax Credit using form 5405 (Extended Deadline) – This is a place for the community to provide tips and advice on How to Claim Your First Time Homebuyer Tax Credit using form 5405 (Extended Deadline). This topic was created by ruthiej and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Home Buyer Tax Credit FAQ for First Time Buyers

Published: 9 years, 4 month(s) ago | Submitted by Identity Matrix | permalink

Frequently asked questions about the 8000 dollar home buyers credit for first time home buyers. REVISED November 2009
Tags: real,estate,buyers,tax,credit,rules,faq,8000,house,home,buyer,irs,first,time

For further reading: http://www.searchlawrence.com/first_time_home_buyer_tax_credit.php ^[1]

Tip 2 - Repaying the First-Time Homebuyer Tax Credit

Published: 9 years, 4 month(s) ago | Submitted by Erin Collins | permalink

If you sold a house in 2013 that was owned less than 36 months and you claimed the first-time homebuyer credit, you may need to repay the tax credit. The homebuyer credit is also repaid over 15 years if a person claimed the 2008 version of the tax credit.

For further reading: http://taxes.about.com/od/deductionscredits/qt/homebuyercredit.htm ^[2]