Repayment of first-time homebuyer credit

Use the
5405
screen in the
Taxes
folder to complete Form 5405. UltraTax CS will complete repayment on Form 5405, Repayment of the First-time Homebuyer Credit if:
  • The
    Date acquired
    is after April 8, 2008, and before January 1, 2009.
  • The purchase price is entered by the taxpayer.
  • The
    First-time homebuyer credit taken
    is entered (amount on 2008 Form 1040, line 69).
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