Rule Number: S2-F1040-147
Rule Text: The e-File database indicates a First Time Homebuyer Installment Payment is due for the Primary SSN. Include amount on Schedule 2 (Form 1040), ''FirstTimeHmByrRepaymentAmt'' and attach Form 5405 if required.
In order to correct the error, reference the DataValue (this indicates what person or number the rejection is related to). For more information, regarding how to view the details and data values related to rejections and refusals reference Viewing Reject and Refusals.
- The taxpayer took out a First Time Homebuyer loan in 2008 or 2009 and is required to repay that loan.
- The taxpayer's information is entered incorrectly, and the IRS system thinks it is a different person (double-check the SSN, name, and birthday).
- Enter the amount of the taxpayer's first time homebuyer repayment on SCH 2. Have them resign and resubmit the return.
- If the taxpayer's information is entered incorrectly, correct the taxpayer's information and resubmit.
|If the taxpayer is unsure of what their repayment amount is, they can contact the IRS. For information reference First Time Homebuyer Credit Account Look-up.|
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