Repaying First-Time Homebuyer Credit

Uncle Sam

Uncle Sam (Photo credit: IrishMBO)

If you bought your home in 2008, 2009, or 2010 and received a first-time homebuyer credit courtesy of Uncle Sam, you may be required to repay it under certain circumstances.  The IRS has a handy online tool to help you determine if you do or not.  It also has useful features to track your account balance, etc:

First-time homebuyer credit repayment tool

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About Bob Gilbert, GRI

Realtor with Edina Realty, Prior Lake, MN
This entry was posted in Financing, Miscellaneous, Tax Related and tagged , , , . Bookmark the permalink.

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