file rejection

Forum|Forum|6 years ago
April 25, 2020
5 replies
36 views

I had a return rejected today due to "the First Time homebuyer repayment must not be greater than the first time homebuyer credit amount in the e-file database". It gave a link to a direct online lookup tool but the link did not work. The repayment amount entered was $500 and is correct and the same amount entered in past years. How can I get the efile resolved?

ProSeries Basic

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Just-Lisa-Now-

Intuit Community Champion

Use this link if the one they gave you didnt work...its right on the IRS website

https://www.irs.gov/credits-deductions/individuals/first-time-homebuyer-credit-account-look-up

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Q

quiltensueAuthor

Level 2

Thanks, Lisa. That did work but it's saying the client's payment is $250 when the client and his wife divorced several years ago and he kept the house. The proper paperwork was done at that time to advise IRS that client was retaining the house and responsible for the full amount. The $500 payment has gone through every year since until this year. Is my only option to get the efile through to change payment to $250 and let the ex-wife stuck for the other $250 when she hasn't co-owned the house for years?

Just-Lisa-Now-

Intuit Community Champion

Are you filling in the 5405 with the info then making a larger payment, or are you just trying to put the 500 on Sch 2 ?

Ive had clients pay off the loan without disposing of the house and I fill out the top portion of the 5405 with a larger amount on the repayment line and its never been an issue.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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