After you file

Check Form 5405 in TurboTax. TurboTax Home & Biz Windows allows you to view forms in the Forms Mode.

  1. Tap Forms in the upper right
  2. Find Form 5405 in the left column (Forms in My Return) and tap to open
  3. Check or adjust the info in the First Time Homebuyer Credit Repayment Smart Worksheet. When you say the ‘balance is paid in full’ I don’t know whether you mean the $500 payment or the remaining balance. Either way, you can adjust the numbers.
  4. Tap Step-by-Step in the top right to return to the interview mode.

If you are still unable to e-file after making the change and verifying your return is correct, you can mail your amended return. That’s not a good idea now as IRS is still behind processing mail. Send anything by certified mail with proof of delivery. It may take six months or more for IRS to process your return.

Form 5405Form 5405