TurboTax won't let me change the answer to the Homebuyer Credit. It keeps getting rejected no matter how I change it. help!

Forum|Forum|6 years ago
June 5, 2019
4 replies
0 views

I need to choose "yes, but its not longer my main home" but it automatically keeps choosing "no" for me. I checked "yes but no longer" when I filed then got a rejection email and saw it switched to "no." I did fix my return and it won't let me change it.

TurboTax Deluxe iOS

Critter

Employee

If you stopped using it prior to 1/1/18 then you had to deal with this in a prior tax year...you have nothing to report in 2018 .

Celery63Author

as of 11/2016 the home was not our main home. I had no issues last year when filing. I chose the "yes but no longer..." option and continued the process. This year it automatically changed it to "no" and now turbo tax is rejecting it stating that we have to have a repayment.

Essex522

Won't Let Me Correct

My Form5405

linaj20201

Try to delete the form and then re-enter. Here are the steps:

In TurboTax window,

Open up your tax return if you have not already done so.
At the right upper corner, select Forms mode
In the Forms mode, the left side shows a list of all the generated forms, locate and click on form 5405
At the bottom of that form, click Delete Form

If you are using the online edition, follow these steps:

Sign in to your account, select Pick up where you left off
To your left, Select Tax Tools/drop-down menu
Select Tools
Under Other helpful links, choose to Delete a form
Select Delete next to Form 5405 and Continue with My Return to proceed

@Essex522

Bears4456

I can't get the setting for e-file to come up

ryantaxtryan

This bug still exists. Form 5405 isn't in "Delete a Form" and the questionnaire that creates it is complete, although it auto-changes the "Yes" to "No" every time I go through it. This is a BUG. Kill this BUG.

donaldchristiansen

Did you ever figure a way around this? I am stuck too and paid these Turbotax clowns 200 bucks and now i have to manually file the return if there is no fix.

vinowino24

Has anyone figured this out???? I have spent no less than 3 hours attempting to rectify this with Turbotax "experts". They couldn't figure it out (experts, IT, and supervisors) and then said I needed to re-file per mail (and start all over again). I decided that I am going to go with another service, but now I have to issue a refund which will take 5-7 days....geez! Why is this such a hassle??

JamesG1

I assume that you are referring to the 2008 Homebuyer Credit Repayment found at Federal / Deductions & Credits / Your Home.

Are you continuing to make payments in repayment of the credit? If so, you should select Yes, and the home we received the credit for was still our main home on January 1, 2022.

However, if you selected Yes, but the home we received the credit for stopped being our main home on or before December 1, 2021, the software defaults to No, we never got this credit because the software presumes that the Homebuyer Credit repayment was resolved on the December 31 2021 or prior Federal tax return.

This TurboTax help explains

If you sell or stop using the home as your principal residence, the repayment of the credit is accelerated. In this case, you must increase your repayment in the year of sale or in the year that you stop using it as your primary residence.

Perhaps you have created IRS form 5405 in your tax return. In TurboTax Online, you are able to remove the form by: