jeff b asked:
It’s been three years since the date I settled the sale of my last home. Am I now eligible for the first time home buyer credit, or are the three years full calendar years from January 1 – January 1? Below is all I can find on the matter:
It’s been three years since the date I settled the sale of my last home. Am I now eligible for the first time home buyer credit, or are the three years full calendar years from January 1 – January 1? Below is all I can find on the matter:
“If you haven’t owned a principal residence (a location where you spend more than 50% of your time) in the past 3 years you also constitute what we call a first-time homebuyer.”
Jacqueline
Derek
The timing is handled by the date. Thus, if you closed on the sale of your house on January 4, 2007, you become a first time buyer again on January 5, 2010.
Comment by acermill — April 26, 2009 @ 10:10 am
Ricky
I believe it is 365 x 3 = 1,095 DAYS. So you should be ready now.
Comment by teran_realtor — April 27, 2009 @ 10:50 pm