Zillow Advice: Buying a Foreclosure - Can a second home buyer get a 8000 tax credit as well? http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ Zillow Advice | Zillow Real Estate You would be eligible IF ... http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ You would be eligible IF it was going to be your primary residence and IF you have been living at your current home for five of the last eight years. If you are married then both you and your spouse must have lived in your current home for five of the last eight years. www.federalhousingtaxcredit.com is a great resource if you need further clarification. Thu, 18 Mar 2010 17:22:00 GMT http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ 2010-03-18T17:22:00Z NO you don't qualify because ... http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ NO you don't qualify because it's going to be rental. Anyone who says you need an accountant for that question needs a surgeon for their brain transplant. Wed, 17 Mar 2010 21:38:00 GMT http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ 2010-03-17T21:38:00Z If you purchase a second ... http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ <p align="left">If you purchase a second home but it is your NEW primary residence and have been in your previous home for 5 yrs or more you may qualify for $6500 in tax credits.<br/>This is really an accounting question so please check w/ your tax advisor for details and elligability</p> Wed, 17 Mar 2010 20:30:00 GMT http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ 2010-03-17T20:30:00Z The $8000 first time home ... http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ The $8000 <a href="http://www.zillow.com/learnmore/what-zillow-offers-buyers.htm">first time home buyer</a> tax credit is for people who've not owned a primary residence in the last three years.&nbsp; They must have the property as a primary residence for the next three years, or pay back the $8000.&nbsp;&nbsp; <br/><br/>You are describing a situation that does not qualify for the credit.<br/><br/> Wed, 17 Mar 2010 19:23:00 GMT http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ 2010-03-17T19:23:00Z No. You would not qualify ... http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ No. You would not qualify on several fronts. If you claim the buyers tax credit, you must occupy the property as your primary residence. Also, second homes and rental property do not qualify. You can get more information from the IRS&nbsp;<a rel="nofollow" href="http://www.irs.gov/newsroom/article/0,,id=206291,00.html">here</a>. Hope it helps. Wed, 17 Mar 2010 19:20:00 GMT http://www.zillow.com/advice-thread/Can-a-second-home-buyer-get-a-8000-tax-credit-as-well/335000/ 2010-03-17T19:20:00Z