Answers (2)
- John Gibbins, "user065448"
- Contributions:32
Wet Dawgs is correct. For the full story go to the irs website at irs.gov.
Search for "First Time Homebuyer Requirements" and you will see a list of all scenarios where the credit must be paid back to the IRS.
November is just around the corner. Sit tight and keep you 8k.
Good luck,
John
Search for "First Time Homebuyer Requirements" and you will see a list of all scenarios where the credit must be paid back to the IRS.
November is just around the corner. Sit tight and keep you 8k.
Good luck,
John
- wetdawgs
- Contributions:40808
In Nov 2012 you will be able to rent your home without penalty. If you move out and rent it earlier than that, you won't be complying with the requirement that it is your primary residence for three full years from purchase date. www.irs.gov
Can I rent my home without penalty?
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