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March 12, 2021
Question

I sold my home in 2019 for a loss that had the homebuyer credit on so I did not have to by it back. Why is my return getting rejected this year asking for form 5405?

  • March 12, 2021
  • 1 reply
  • 0 views
I added the form 5405 to my return last year showing that I sold the home for a loss so I'm confused why they are asking for this.

1 reply

March 12, 2021

the credit had to be repaid in 2019 even if you sold it for a loss. 

just delete form 5405 in the 2020 return.