Homebuyer Credit Rejection S2-F1040-394

[Buskirk]

Hi!

My federal tax form keeps being rejected because of error: S2-F1040-394 ('FirstTimeHmByrRepaymentAmt' must not be greater than the First-Time Homebuyer Credit amount in the e-File database.). My first time homebuyer credit is $7500 and I have paid off $7000 to date. The repayment amount is not higher than the credit received.  I checked the IRS site and can’t find my record.  Any assistance is appreciated!  

[LindaS5247]

You can try deleting Form 5405. You can revisit your TurboTax screens regarding this credit to get rid of this requirement to update your credit by using the instructions below.

To get to the Homebuyer Credit entry screens in TurboTax to review your entries, you can do the following:

1. Click on the search icon in the upper right of your TurboTax screen
2. Type "homebuyer credit" in the search bar
3. Click on the link "Jump to homebuyer credit"
4. Your screen will say "Tell Us About Your Homebuyer Credit"
5. Select "Yes but the home I received the credit for stopped being my main home on or before December 31, 2023"
6. If you never received the credit, select "No, I never got this credit"

To search for your homebuyer's credit screens 

Select "Yes" to confirm the deletion of Form 5405

Click here for Can You Still Take the First-Time Homebuyer Credit?