First-Time Homebuyer Credit(p110)

Use Form 5405 and see the instructions for Form 1040, line 69, to claim the first-time homebuyer credit. The credit may give you a refund even if you do not owe any tax. The credit operates much like an interest-free loan. You generally must repay it over a 15-year period. You (and your spouse if married) are considered a first-time homebuyer if:

• You purchased your main home in the United States after April 8, 2008.
• You did not own any other main home during the 3-year period ending on the date of purchase.