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BB Hokie

Joined: 09/06/2010 Posts: 3161
Likes: 3006


This IRS link seems to say, "no"


Disclaimer: I'm not a tax guy, but this seems to apply to your situation.
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S4. If Taxpayer A and Taxpayer B wanted to sell the home that Taxpayer B owned when they got married, and Taxpayer A had not owned a home within the past three years, could they qualify as a first-time homebuyer for the credit even though Taxpayer B would not qualify?

A. No. The purchase date determines whether a taxpayer is a first-time homebuyer. Since Taxpayer B had ownership interest in a principal residence within the prior three years, neither taxpayer may take the first-time homebuyer credit. Section 36(c)(1) of the Internal Revenue Code requires that the taxpayer and the taxpayer's spouse not have an ownership interest in a principal residence within the prior three years from the date of purchase. Taxpayer A may not take the credit even if he filed on a separate return.

(In response to this post by darnellm)

Link: link


Posted: 01/30/2018 at 3:05PM



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Current Thread:
 
  
TAX Question: 1st time home buyer -- darnellm 01/30/2018 2:46PM
  This IRS link seems to say, "no" -- BB Hokie 01/30/2018 3:05PM
  Simple solution. Annulment, buy house, remarry... ** -- hokiehunter07 01/30/2018 4:33PM
  Shun ** -- Brown Water 01/30/2018 2:56PM
  Don't know the answer, but -- VTSnake 01/30/2018 2:51PM
  Nope. -- Hokie CPA 01/30/2018 4:47PM
  Time to pay the house off ** -- 83Hokie 01/30/2018 5:25PM
  When the tax bill doubled the standard deduction to 24K ** -- grill to chill 01/30/2018 3:36PM
  Not gone ... -- vt90 01/30/2018 3:19PM

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