http://www.zillow.com/advice-thread/First-time-homebuyer-credit/252714/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/First-time-homebuyer-credit/252714/ <strong>I copied this from http://www.federalhousingtaxcredit.com/2009/faq.php#1<br/><br/>The law defines "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse.<br/><br/>For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.</strong> Mon, 06 Jul 2009 21:16:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-credit/252714/ 2009-07-06T21:16:00Z http://www.zillow.com/advice-thread/First-time-homebuyer-credit/252714/ No, you both&nbsp;must&nbsp;qualify as&nbsp;first time buyers. Sat, 04 Jul 2009 14:29:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-credit/252714/ 2009-07-04T14:29:00Z http://www.zillow.com/advice-thread/First-time-homebuyer-credit/252714/ No, if either of you have owned a home within the last three years, you will not qualify.<br/> Sat, 04 Jul 2009 14:29:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-credit/252714/ 2009-07-04T14:29:00Z