Profile picture for boricuamormon

I own home in another state but it isn't my primary residence.Do I qualify for the $8000 tax credit?

  • April 07 2009 - Sugar House
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Answers (3)

Profile picture for Sheila Barrett

Do you stay at this home more than six months out of the year-even if you stay at another place the rest of the time you MAY qualify if it is the only home you own. You must meet some other rules but it might be worth talking to your tax professional.

  • April 12 2009
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Profile picture for daydr3am
You have to live in the home you recently purchased in order to receive the 10% or $8000 tax credit, whichever is lower.
  • April 12 2009
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Profile picture for wetdawgs
Has the home in another state been used as your (you and/or your spouse) residence at any time during the last three years?    If so, you would not be eligible.  If not, you might be. 
  • April 07 2009
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