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couponmommy16
New Member

How can I add an amount to the 1040 schedule 4 for line 60b?

 
1 Best answer

Accepted Solutions
WilliamV
New Member

How can I add an amount to the 1040 schedule 4 for line 60b?

To find the input screens for the First Time Homebuyer Repayment in TurboTax:

1. After logging in to your return, click on the Federal Taxes tab

2. Select Deductions & Credits

3. Scroll down to the various deductions & credits headings on the lower part of the page (you may have to click "Skip to see all tax breaks" to display them).

4. Select Your Home, then Homebuyer Credit Repayment, then follow the prompts.  TurboTax will ask you some questions and allow you to input your information.

Your repayment amount will then appear on line 60b of the 1040.

View solution in original post

2 Replies
WilliamV
New Member

How can I add an amount to the 1040 schedule 4 for line 60b?

To find the input screens for the First Time Homebuyer Repayment in TurboTax:

1. After logging in to your return, click on the Federal Taxes tab

2. Select Deductions & Credits

3. Scroll down to the various deductions & credits headings on the lower part of the page (you may have to click "Skip to see all tax breaks" to display them).

4. Select Your Home, then Homebuyer Credit Repayment, then follow the prompts.  TurboTax will ask you some questions and allow you to input your information.

Your repayment amount will then appear on line 60b of the 1040.

View solution in original post

rszwarc_betacommunity
Returning Member

How can I add an amount to the 1040 schedule 4 for line 60b?

Hi. Sounds like you are looking at how to enter or change information related to the repayment of your first-time home buyer credit, which shows up on form 5405 and flows to the 1040 Schedule 4. 

These instructions should help you.

https://ttlc.intuit.com/questions/1901522-how-do-i-add-or-remove-form-5405-for-the-first-time-homebu...

Thanks for using TurboTax!

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