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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 5405
for the current year.
IRS Form 5405 Repayment of the First-Time Homebuyer Credit
What Is IRS Form 5405?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on November 1, 2020. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 5405?
A: IRS Form 5405 is a form used for the Repayment of the First-Time Homebuyer Credit.
Q: Who needs to use IRS Form 5405?
A: Individuals who received the First-Time Homebuyer Credit and need to repay it must use IRS Form 5405.
Q: What is the purpose of IRS Form 5405?
A: The purpose of IRS Form 5405 is to calculate and report the repayment amount for the First-Time Homebuyer Credit.
Q: When is IRS Form 5405 due?
A: IRS Form 5405 is typically due when you file your annual tax return.
Q: What happens if I don't repay the First-Time Homebuyer Credit?
A: If you do not repay the First-Time Homebuyer Credit as required, you may be subject to additional taxes and penalties.
Q: Can I claim the First-Time Homebuyer Credit again in the future?
A: No, once you have claimed the First-Time Homebuyer Credit, you cannot claim it again in the future.
Form Details:
- A 1-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
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