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June 1, 2019
Question

Hello, I'm supposed to pay back $500 a year from the loan I received when I purchased my home in 2008. Where would enter that?

  • June 1, 2019
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1 reply

Employee
June 1, 2019

Here's how to enter – or delete – Form 5405:

  1. Open (continue) your return if you don't already have it open.
  2. Inside TurboTax, search for homebuyer credit and then select the "Jump to" link in the search results.
  3. On the Tell us about your homebuyer credit screen, answer Yes to the first question (it was still your main home on January 1, 2018).
  • To delete an unwanted 5405, answer Yes to the second question (it stopped being your main home). Then select Continue and answer Yes on the next screen. You're done.
  1. Enter the purchase date and then select Continue.
  2. Follow the onscreen instructions