Repayment of 2008 first time home buyer tax credit

[Callum K.]

In 2008 I purchased my first home and qualified for the $7500 tax credit loan that requires a repayment over the next 15 years. I made the $500 payment in 2010 and 2011 but in 2012 I converted my home to a rental property and rented it out in December.

I believe that if you vacate your main home prior to the 15 year repayment schedule then the loan is due at the end of the tax year. I checked the IRS website and I am pretty sure I have my answer but I was curious if anyone knew for sure.