E-FILE REJECTION ERROR F1040-429

[admin1]

JOINT FILERS TOOK FIRST-TIME HOMEBUYERS CREDIT IN 2008.

SOLD HOUSE IN 2014 TO AN UNRELATED PARTY AT A LOSS IN EXCESS

OF THE BALANCE OWED ON THE CREDIT.  WHAT DO I NEED TO DO

TO FIX THE RETURN WHICH KEEPS GETTING REJECTED FOR

THE STATED REASON "E-FILE DATA BASE INDICATES A 1ST TIME

HOME BUYER INSTALLMENT PAYMENT IS DUE FROM SPOUSE.

I'M OF THE BELIEF THAT THERE IS RELIEF FROM THE BALANCE

OF THE CREDIT OWING TO THE LOSS ON THE SALE.

 

 

[Jack from Ohio]

This is a known IRS issue that ATX has not found a fix for.  I have had one with that error since 2-11-15.  Paper file.  That is what I did.

[Jack from Ohio]

Just received this e-mail...  After reading it, I will paper file any that have this error.  It will probably be resolved on April 10...

 

-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: 02/24/2015 4:46 PM
To:
Subject: RE: IRS reject code F1040-429 still a problem [interactionID:e6f12155-262b-4cb2-9448-2d0bb6696b55]

 

Good afternoon,

 

At the current time, we are still working with the IRS to resolve the erroneous rejects caused by this issue. We have not yet reached a resolution. I will post the link to the blog article that will be updated when a resolution has been reached.

 

http://myatx.blogspot.com/2015/02/8962-rejects-f1040-0428-f1040-0429.html

 

If you need further assistance, please contact our customer support department at 1-800-638-8291.  

  

Thank you for using ATX,

Jamonte' Thomas

Customer Service Level III

CCH Small Firms Services,

a Wolters Kluwer business

225 Chastain Meadows Court NW

Suite 200

Kennesaw, GA 30144

phone- 800-638-8291

fax-888-815-7587

[email protected]