I didn't file a 5405 in 2016 return, but I sold that home in 2016. Do i need to amend before i file 2017?
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pladdypants
New Member

I didn't file a 5405 in 2016 return, but I sold that home in 2016. Do i need to amend before i file 2017?

The turbo tax app doesn't let me specify accurately this situation.  So I'm stuck with filing and no $500 payment goes to federal.  Federal rejects the efile and I have to try again.  

Do I need to file and pay the $500 as if I'm still in the main house and then amend 2016 with my 5405?
1 Reply
jannag2000
New Member

I didn't file a 5405 in 2016 return, but I sold that home in 2016. Do i need to amend before i file 2017?

I had the same issue. It was explained to me that since i sold the house at a loss that i did not need to pay that money back anymore. I needed to amend 2016 returns to document the loss then wait for the ameneded 2016 return to be processed before i can file 2017.

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