I have a question about repayment of homebuyer credit. If I had to move for my job, do I have to repay my first-time homebuyer credit using Form 5405?

Yes. You are responsible for repayment of the first-time homebuyer credit. Repay the credit on Form 5405 and attach it to your Form 1040.

The exceptions to repayment of homebuyer credit are for:

• Government service employees — If the disposition is in connection with government orders
• Death — If you claim the repayment of homebuyer credit on a joint return, the surviving spouse pays only his or her half of the remaining credit repayment amount.
• Divorce — If you transfer your home to your former spouse as part of a divorce, he or she is responsible for the rest of the repayments.

To learn more, see Topic 611 at www.irs.gov.