Question

How do you get your money back for a first time home buyer repayment when a home was never purchased?

Forum|Forum|6 years ago
May 10, 2020
2 replies
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TurboTax Deluxe Online

Employee

Money back from who and what money?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Carl11_2

Employee

Your question makes no sense the way it's worded. First, the first time homebuyer credit expired in 2010. If you did not buy a home in 2008, 2009 or 2010 then you never qualified for the credit, and therefore have nothing to pay back. If you did purchase a home in one of those years, then you only had 8 years to pay back the credit. That means your last payment amount was due in 2020 with your 2019 tax return, assuming you purchased your first home in 2010.

If you need to check your status if applicable, you can do so at https://sa.www4.irs.gov/irfof-fthb/notice