F1040-429-02 e-file error
You'll get this error when the IRS's e-file database shows the spouse owes an amount for Form 5405 -
First Time Homebuyer Installment Payment
.Error message
The e-File database indicates a First-Time Homebuyer Installment Payment is due for the Spouse SSN. Include an amount on Form 1040, Schedule 4, FirstTimeHmByrRepaymentAmt and attach Form 5405 if required. (rule F1040-429-02)
Solution
Double check your data entry:
- In the Organizer, selectCredits.
- Go to theRepayment of the First-Time Homebuyer Creditscreen.
- Verify any information you've entered on the screen.
- Make any changes as needed.
- Do a full recompute, then recreate the e-file.
note
If you believe it's correct or the spouse doesn't owe anything, contact the IRS e-Help desk at (866)255-0654 or paper file the return.
