TurboTax Support

Resolved: 5405 Current year repayment should not be less than 1/15th of the total credit received error

If information for a 2008 Homebuyer credit that has been fully repaid is entered in the interview

Then "Form 5405: Current year repayment should not be less than 1/15th of the total credit received" would generate in "Error Check"

Workaround:

The following steps will resolved this issue:

  • Delete Form 5405 from the return. (For assistance with Deleting a Form)
  • After deleting Form 5405 the error will be resolved.

 

Solution:

This issue has been resolved in a TurboTax update that was released on 3/7/2013.

For assistance with updating TurboTax please refer to the How to Update TurboTax support article.

 
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