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I purchased a new home and now relocating. Will I get the first-time home buyer cerdit?


Question by Richard:
 

Good Afternoon. I have a question regarding the first time home buyer 8000 tax credit. I recently purchased a home and as it turns out may be relocating to a different city. As I understand it I would have to pay back that full amount on the following year tax return. Are there any exceptions to this? Also does the final selling price of the home compared to the purchased price factor to the amount paid back? Thank you

 

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Answer --> Question 125314
 

 
Related topics:
tax credits  Relocation  Form 5405   first-time home buyer credit
 

 

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