1st TIME HOMEBUYER & REALTOR

[TAXNJ]

Did I miss an update to the 2009 1st TIME HOMEBUYER Credit?

Scenario:

1 -Taxpayer divorces in 2007 and sells home with ex-husband in July 2007
Then two years later:

2 – Taxpayer (unmarried) buys new home in July 2009

3 – Realtor who sold new home to taxpayer (unmarried) in July 2009 says to Taxpayer (unmarried) you can get the $8,000 1st TIME HOMEBUYER Credit to help pay a years worth of real estate taxes

4 – Realtor is the same Realtor who sold the taxpayers and ex-husband home in July 2007

QUESTION: Is the 1st Time homebuyer Credit requirement still: Must not have owned a principal residence in the U.S. during the three year period prior to the purchase of the home Section 36(c) (1) of the Internal Revenue Code ? In other words, taxpayer (unmarried) does not qualify?

thanks in advance

[DaveO]

Can't see how she would.

[Burke]

You got it right.

[ChEAr$]

This reminds me of the sign I see everyday driving to office;
It's a realtor's sign : "This house qualifies for an $8,000 tax credit."

Uh.. forgive me, but "house" itself qualifies? How does the house file for the
credit? Should the house be an LLC or corporation to qualify?
Am I missing something?

(grin