first time home buyer question/scenarioI am having a hard time understanding the tax credit for first time buyers and wondering if anyone out there has a grasp on this. Here are the facts:I purchased a home in 2001 and used it as my primary residence until I moved out in January of 2007. Since that time I have rented the place out while I was moving around. Now I am buying a new house and hopefully closing before June 30th, which I understand to be the drop-dead date to qualify for the $8,000 tax credit. My question is this: do I qualify for the $8,000 credit as a first time home buyer as I have owned, but not used, my first home as a primary residence in over 3 years? And if I don't qualify for the $8,000, do I qualify for the $6,500 tax credit for "move-up" buyers as I have had a house and did use it as a primary residence for 5 consecutive out of the past 8 years?My understanding is that I qualify for the $8,000 credit as, while I have continued to own my own home, I have not used it as my primary residence since January of 2007. And if not the $8,000, would I qualify for the $6,500 as I did use the house as my primary residence for 5 our of the last 8.Thanks in advance for any thoughts.February 27 2010 - Royal Oak00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.