Help: $8000 First-Time Home Buyer Tax Credit

[momof1in150]

Originally Posted by wincrasher

Someone should check the exact wording of the law. I was under the impression that it was that you were paying a mortgage in the last 36 months, not actually owning.

Not true - from Real Estate Listings, Homes for Sale and Rental Property Listings – REALTOR.com® "To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase."


The Basics: 2009 First-Time Home Buyer Tax Credit

I deal with this everyday and it is my job to know the ins and outs of this as it is how I make money