LogFAQs > #979910523

ChichiriMuyo posted...

It told me that it was because of the homebuyer's credit, but not what about it. I was trying to repay the same amount I've paid every year over a decade. The thing it was rejecting on was the question of how much of it I have previously repaid. They know how much I repaid, but no one could tell me. So much time wasted waiting for and dealing with "customer support" to no avail. So I just kept resending until I got the right amount.

But the thing is, it literally does not matter for this year's filing. It won't matter until I repay in full. I thought I was on my last payment, then I figured maybe I have one left next year. Turns out I'll be repaid in full two tax seasons from now.

Credit was taken in 2008.
First repayment would have been on 2010 taxes.

If you took the full credit of 7500 then you should have made 13 payments and this would be your 14th.

But that's ideally. This credit can get crazy complicated by the variety of different changes to your situation that can occur over 15 years. Maybe it was taken on joint taxes but then you got divorced? Maybe the house was sold or condemned for a loss. Maybe the house now belongs to the person who used to be listed second on taxes. Maybe you and your spouse take turns changing who gets listed first each year (Do NOT do this !!!)

There are actually dozens of different scenarios people have found themselves in that can impact how the repayment of that credit gets tracked and handled, and I don't think I'm exaggerating to say that I'm probably the only employee in my unit of 15~ who properly understands it.