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Tips on how to fill out, edit and sign Form 5405 online
How to fill out and sign Form 5405 online?
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General repayment rules for 2008 purchases. To repay the credit, you must increase your federal income taxes by 6â…”% (or 1/15) of the amount of the credit for each taxable year in the 15-year repayment period. The repayment period begins with the second taxable year following the year of qualifying home purchase.
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