Long-Time Homeowner Credit

[Mike Mac]

A married couple lived in the same principal resident for the prior 13 years. They got divorced in early 2010. Each purchased a new residence before 5/1/10. Eligibility for the $6,500 credit is determined by the date of purchase. From everything I read, each of them qualifies for the credit in 2010. Do you agree?

Mike

P.S. I tried a search of the forum thinking this question must have been asked in the past but did not come up with anything nor did I see anything on the IRS website that specifically answered the question.

[spanel]

I would think so.... however I would not try to amend the 2009 return to get it. It would for sure only do it on each of their 2010 returns.


Chris

[Mike Mac]

File it in 2010

My thoughts exactly. I don't believe I could file an amended 2009 return due to the fact thier filing status was "married" in 09 (and thus each would not qualify for the $6,500 credit) but is "single" in 2010 (and each will then qualify).