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home buyers tax credit??

Started by moxieland
almost 16 years ago
Posts: 480
Member since: Nov 2009
Discussion about
what if your not a first time buyer(i'm not) and you sold your home less than three years ago (i did)....but had been renting your home and renting yourself for many years prior to the sale. does using your apartment as an investment property enable you to qualify under the "non first time buyer" section of the credit? hope this question makes sense. any accountants know the answer?
Response by moxieland
almost 16 years ago
Posts: 480
Member since: Nov 2009

never mind i believe i am s.o.l

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Response by dewyagi
almost 16 years ago
Posts: 98
Member since: Jan 2010

you sold your home less than three years ago (period)

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Response by The_President
almost 16 years ago
Posts: 2412
Member since: Jun 2009

If you sold your hoem less than 3 years ago, you get $6,500.

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Response by Sunday
almost 16 years ago
Posts: 1607
Member since: Sep 2009

I believe primary resident only and owned it for at least 5yrs within the past 8 years. There are also income (~$quarter mil?) and price limits (800k?).

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Response by fhsack
almost 16 years ago
Posts: 129
Member since: Jan 2009

Here are the details: http://www.houselogic.com/articles/homebuyer-tax-credit-what-you-need-know/

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Response by moxieland
almost 16 years ago
Posts: 480
Member since: Nov 2009

yes sunday you are unfortunately correct..must have lived in 5 of the last 8 yrs..oh well

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