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Get Form 5405 Instructions Pdf

In tax on the return for the year you dispose of the home or it ceases to be your main home. However, if the home is destroyed or condemned, or you dispose of the home under threat of condemnation, and you do not acquire a new home within 2 years of the event, you must repay the entire repayment amount with the return for the year in which the 2-year period ends. If you and your spouse claimed the credit on a joint return, each spouse is treated as having been allowed half of the credit for pur.

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