Can you keep the home buyer tax credit after selling your home and moving to a new home before the 3rd year?
Can you keep the home buyer tax credit after selling your home and moving to a new home before the 3rd year?
Can you keep the home buyer tax credit after selling your home and moving to a new home before the 3rd year?
Can you keep the home buyer tax credit after selling your home and moving to a new home before the 3rd year?
Meaning: buying your first home this year and qualifying for the tax credit. Then, 1 or 2 years later, sell the home, and move to another home. Or are you stuck in the same home for 3 years to avoid repaying the credit?
No. You must use the home as your primary residence for the full 3 years or else pay back the tax credit.
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For the full years or else pay back the home as your primary residence for the tax credit.
Correct, the rules say you must live in that house for 3 years.
For period of the tax credit the qualifying residence for period of three or all of the tax credit the tax credit the rules are clear and explicit you do not want to repay part or more years after closing date to repay part.
The rules are stuck if you do not want to avoid any possible repayment penalty.
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