FIRST TIME HOMEBUYER REPAYMENT RECORD

[Edward]

IRS website on FIRST-TIME HOMEBUYER CREDIT INFORMATION CENTER says in response to their QUESTION; How are repayments of the homebuyer tracted? then followed by their answer: A memo field will be present on taxpayer records and repayment will be tracted over the 15 year repayment period. I suspect that IRS OR ATX will come out with a tab reflecting this record with tghe 5405? Have you heard anything about this? or I guess we can make up our own record

and attach to the form?

[Teri2414]

I'm assuming that form 1040 will have a new line...I also assume 1040 will 3 pages long soon......