Question

Letter from IRS: since TT put a value in line 10 of schedule 2, they need form 5405. Why didn't TurboTax include this? How can I get it now that my taxes are filed?

No text available

You may need to amend your return to add the form.

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jr135Author

I think I see the answer in this post, which is that the IRS made a mistake in requesting this. I've sent them a response. I'll see how they handle it. Solved: Re: I need to add form 5405, First time Homebuyer ... (intuit.com)

jr135Author

Oh... I think I see the issue. I bought my home in 2010 not 2008. So the homebuyer credit repayment is waived as described here: Instructions for Form 5405 (Rev. November 2021) (irs.gov) and here: Topic No. 611 Repayment of the First-Time Homebuyer Credit | Internal Revenue Service. I think I probably need to file an amended return that doesn't include the $500 repayment. We also repaid $500 last year. Is it possible to get this money back?