Knowledge Base

11967: 1040 - Reject F1040-394 Homebuyer Repayment Exceeds Credit

Rejects + EF Messages

How do I correct reject F1040-394?

This reject refers to a credit entered on Form 5405, page 2 and is the result of a comparison made between the credit entered on form 5405 and the credit shown in IRS records. This reject also can occur if only one spouse received the credit, and the HOME screen TSJ box is not marked for that taxpayer or spouse. The taxpayer will need to contact the IRS, or use the IRS First Time Homebuyer Credit Account Look-up tool to determine the correct amount of the credit, and then modify the repayment accordingly.

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