topic Re: Reject code S2-F1040-147 in Get your taxes done using TurboTax

Reject code S2-F1040-147

jerickson7270 — Fri, 12 Mar 2021 08:50:05 GMT

How do I get my updated answer to save to I can refile my taxes

Re: Reject code S2-F1040-147

MaryM428 — Mon, 15 Mar 2021 17:23:17 GMT

When you correct your answer for the First Time Homebuyer question, it will automatically save and can be e-filed again.

Make sure you review your return before you refile.

Re: Reject code S2-F1040-147

johnbriananderson — Thu, 21 Apr 2022 19:35:14 GMT

how do I correct my answer

Re: Reject code S2-F1040-147

rhinoak1 — Fri, 22 Apr 2022 12:49:55 GMT

Seems that the ability to correct this particular issue isn't available within TurboTax online. I've reached out to their support team and then I'm told to contact the IRS regarding this matter by requesting they update their database.

Re: Reject code S2-F1040-147

DoninGA — Fri, 22 Apr 2022 12:57:44 GMT

@rhinoak1 wrote:

Seems that the ability to correct this particular issue isn't available within TurboTax online. I've reached out to their support team and then I'm told to contact the IRS regarding this matter by requesting they update their database.

The IRS database indicates a First Time Homebuyer Installment Payment is due for the Primary SSN.

Click on Federal

Click on Deductions & Credits

Under Your Home

On 2008 Homebuyer Credit Repayment, click the Start or Revisit button

Go to this IRS website for First-Time Homebuyer Credit Account Look-up - https://www.irs.gov/credits-deductions/individuals/first-time-homebuyer-credit-account-look-up

Re: Reject code S2-F1040-147

rickdlewis — Fri, 22 Apr 2022 13:20:52 GMT

The basic instructions to correct this do not work for all situations and you end up in a never ending loop of insanity. The issue is you can't enter an amount where needed using the online version.

See below for the IRS site.

Do I have to file Form 5405 every year?
You don't have to file Form 5405. Instead, enter the repayment on your 2021 Schedule 2 (Form 1040), line 10. requirement continues until the year in which the 2-year period ends. On the tax return for the year in which the 2-year period ends, you must include all remaining installments as an increase in tax.

Answering the questions wrong when going through the steps do get to the form but then you end up with answer those questions wrongly as well.

Any option but the first one which says you still have the home as your main home won't allow you to enter anything where it says to do so with the online version.

If that's not correct, I would love to know how to get to that form and enter an amount.