Form 5405 - First-Time Homebuyer Credit And Repayment Of The Credit Page 4
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Form 5405 (Rev. 12-2009)
Page
Part III
Disposition or Change of Main Home for Which the Credit Was Claimed
11
Enter the date the home for which you claimed the credit was disposed of or ceased to be your main
/
/
home (MM/DD/YYYY)
12
If you meet the following conditions, check here
I (or my spouse if married) am a member of the uniformed services or Foreign Service, or an employee of the
intelligence community. I sold the home, or it ceased to be my main home, in connection with Government orders for
qualified official extended duty service. No repayment of the credit is required (see instructions). Stop here.
13
Check the box below that applies to you. See the instructions for the definition of “related person.”
a
I sold the home to an unrelated person and had a gain on the sale (as figured after reducing the basis of my home by
the credit I claimed). Go to Part IV below.
b
I sold the home to an unrelated person and did not have a gain on the sale (as figured after reducing the basis of my home
by the credit I claimed). No repayment of the credit is required. Stop here.
c
I sold the home to a related person. Go to Part IV below.
d
I converted the home to a rental or business use OR I still own the home but no longer use it as my main home. Go to Part
IV below.
e
I transferred the home to my ex-spouse as part of my divorce settlement. The full name of my ex-spouse is
The responsibility for repayment of the credit is transferred to your ex-spouse. Stop here.
f
My home was destroyed, condemned, or disposed of under threat of condemnation and I acquired or plan to acquire a
new home within 2 years of the event.
For homes purchased in 2008, repayment of the credit over a 15-year period begins in 2010. If you purchase a new
home within 2 years of the event, your annual payment requirement does not change.
For homes purchased in 2009 or a later year, you may not have to repay the credit (see instructions).
g
My home was destroyed, condemned, or disposed of under threat of condemnation and I do not plan to acquire a new
home within 2 years of the event (see instructions).
h
The taxpayer who claimed the credit died. No repayment of the credit is required of the deceased taxpayer. If the decedent
is filing a joint return, see instructions. Otherwise, stop here.
Part IV
Repayment of Credit
14
Enter the amount of the credit you claimed on your 2008 Form 5405. See instructions if you filed
a joint return for 2008. If you checked box 13a above, go to line 15. Otherwise, skip line 15 and
14
enter the amount from line 14 on line 16
15
Enter the gain on the sale of your main home (as figured after reducing your basis by the amount
15
on line 14 above)
16
Enter the smaller of line 14 or line 15 here and include it on Form 1040, line 60. On the dotted
line to the left of line 60, Enter “FTHCR”
16
5405
Form
(Rev. 12-2009)
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