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1040 E-file errors

S2-F1040-429 e-file error

The e-File database indicates a First-Time Homebuyer Installment Payment is due for the Spouse SSN. Include an amount on Form 1040, Schedule 2 (Form 1040), 'FirstTimeHmByrRepaymentAmt' and attach Form 5405 if required.
You'll get this error message if the IRS determines that the spouse on this return still needs to repay First-Time Homebuyer amounts.

Solution

  1. Use the First-Time Homebuyer Credit Account Look-up tool to view the balance of the spouse's First-Time Homebuyer Credit.
  2. Go to the Taxes folder.
  3. Select the 5405 screen.
  4. Complete the 5405 screen. To determine what to enter, use the information from the account lookup tool, the 5405 screen help, and the Form 5405 instructions.
    • Make sure to enter
      Spouse
       in the
      Owner of the home in which the first-time buyer credit was taken
       field.
    • If the home is no longer in the spouse's possession, complete the
      Reason for disposition or change of main home
       and the
      Date sold or no longer used as principle residence
       fields. This indicates that no further repayment is necessary.
  5. Re-create and retransmit the e-file.

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