turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

2008 Homebuyer Credit Repayment needs to be changed. Revisited the section & changed the answer but the answer wont save. What do I need to do have my new section 2 save

My taxes were rejected because of this, but I can't get Turbo Tax to save my new selection
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

2008 Homebuyer Credit Repayment needs to be changed. Revisited the section & changed the answer but the answer wont save. What do I need to do have my new section 2 save

To help you resolve this issue, you need to tell us:

  • Whether you actually received the homebuyer credit or not
  • If you did, whether you sold the home or still live in it
  • If you did, whether the loan has been paid off
  • Which answers in the homebuyer credit portion of the TurboTax interview you're unable to change

 

If you did receive the credit, go to the IRS's First-Time Homebuyer Credit Account Look-up page to check the payoff status of the credit.

 

Note that the IRS's records have not always been reliable regarding this credit. 

 

You'll need to file a paper return this year if you can't resolve the issue to avoid the rejection. 

2008 Homebuyer Credit Repayment needs to be changed. Revisited the section & changed the answer but the answer wont save. What do I need to do have my new section 2 save

Yes I did receive the Homebuyer credit

I do not live in the house anymore

AmyC
Expert Alumni

2008 Homebuyer Credit Repayment needs to be changed. Revisited the section & changed the answer but the answer wont save. What do I need to do have my new section 2 save

You are required to notify the government through the form when you move out of the house and then it is no longer a part of your return. I am going to assume you moved out in 2023 if you are still concerned about the homebuyer credit.

 

If the house went to a spouse or ex-spouse, they are responsible for paying the credit.

If you sold the house to somebody- generic, you would need to repay the credit. See About Form 5405, Repayment of the First-Time Homebuyer Credit.

 

If for some reason you moved in a prior year and never filed for the move, you need to mark your answers as though it happened in 2023 in order to file this year. Then, you should really amend both years for things to be actually correct. Get through the filing of this year first.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question