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Homebuyer Credit

I sold my house in 2017. My income tax return is being rejected due to something involving this credit but I can't figure it out.
2 Replies
Intuit Alumni

Homebuyer Credit

Did you indicate on your 2017 return that you sold the home and repaid the balance on the credit?
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Intuit Alumni

Homebuyer Credit

You are probably getting the message because you didn't indicate on your 2017 that the home has been sold.  When you indicate this you will need to pay the balance on the credit/loan.

To solve this issue, please follow these steps:

  1. Click on Federal > Deductions & Credits 
  2. In the Your Home section, click on the Start/Revisit box next to Homebuyer Credit Repayment.
  3. On the next screen, Tell Us About Your Homebuyer Credit, mark the appropriate radio button.  Select the option that the home was still your main home on January 1, 2018, enter the date of purchase in the box that appears and click Continue.
  4. On the screen, At the end of 2018, did you still live in the home you bought in 2008? mark the No button and enter January 1, 2018 in the date box.
  5. Mark the appropriate button in the next section and click Continue.
  6. Continue through the screens, entering the requested information.

If you did report the sale of your home in the Homebuyer Credit section in your 2017 return, on the Tell Us About Your Homebuyer Credit screen, mark the second radio button, Yes, but the home we received the credit for stopped being our main home on or before December 31, 2017 and click Continue.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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