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March 1, 2024
Question

Divorced and moved out of primary home but still it has my name on the deed since we haven't divided assets yet. How should I deal with First Time Home owners credit?

  • March 1, 2024
  • 1 reply
  • 0 views
My tax return is rejected with Reject Code S2-F1040-147
I chose Stopped being my primary home before Dec 31st 2022 as an option

1 reply

RachelW33
March 2, 2024

Unfortunately, if you have not transferred the house to your ex-spouse, you are still on the hook for the First Time Homebuyer Credit repayment.  

 

To get past the reject, you will need to answer that it was still your main home on 12/31/23 and include Form 5405 with your return.

 

For more information, please see IRS First Time Homebuyer Questions and Answers.

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