Edward Posted April 2, 2009 Report Share Posted April 2, 2009 IRS website on FIRST-TIME HOMEBUYER CREDIT INFORMATION CENTER says in response to their QUESTION; How are repayments of the homebuyer tracted? then followed by their answer: A memo field will be present on taxpayer records and repayment will be tracted over the 15 year repayment period. I suspect that IRS OR ATX will come out with a tab reflecting this record with tghe 5405? Have you heard anything about this? or I guess we can make up our own record and attach to the form? Quote Link to comment Share on other sites More sharing options...
Teri2414 Posted April 2, 2009 Report Share Posted April 2, 2009 I'm assuming that form 1040 will have a new line...I also assume 1040 will 3 pages long soon...... Quote Link to comment Share on other sites More sharing options...
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