The Schedule HBC (First Time and Second Chance Home Buyer Savings Account) is generated because a "Yes" was accidentally selected (or a $0 was entered in a field that should have been left completely...
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The Schedule HBC (First Time and Second Chance Home Buyer Savings Account) is generated because a "Yes" was accidentally selected (or a $0 was entered in a field that should have been left completely blank).. Since we can't see your return, you can try one of these options below (in order of "severity). Option 1: Open or continue your return. Under Alabama State tab, Click on the Income or Adjustments section. Look for First Time Second Chance Homebuyer Accounts, and Select YES (even though it's not true). If there are any $0 or numbers (next screen), delete (boxes should be empty), and Click Continue. Now, click the "Back" button (or revisit that section) and Select NO. Continue through the screens until the end. Option 2: Open or continue your return. Click on Tax Tools (left menu), and Click on Tools, and then Click on Delete a form. Find Schedule HBC and delete it. Immediately Sign Out of TurboTax (do not just close the tab). Clear your browser cache/cookies. Sign back in and run the Review again. TurboTax FAQ: How to clear your cache. TurboTax FAQ: How do I delete cookies? Desktop/Download Version: Open or continue your return. Click on Forms Mode (top right). Find Schedule HBC (left-hand column). Click Delete Form (bottom). Switch back to Step-by-Step mode, and re-run the Review. Option 3: Open or continue your return. Under State Taxes tab, find the option to Delete State (delete the entire Alabama return). Wait 30 seconds, then click "Add State" to start Alabama over. Your Federal return is already done, so the state return will pull that data back in automatically (make sure that you Select "No" on the Homebuyer Savings Account screen).. Please let us know if this doesn't work, and we can explore other options.