Fthb

[Earl]

If client purchased home prior to May 1, 2010 deadline but did not move in until Novmber will they still be eligible for the credit.

She upgraded the electrical supply and plumbing and it took that long before she could get a contractor to complete the work.

All I read about is for new construction the purchase date is same as date moved in. Do you feel that making repairs over this long a period would be considered the same as new construction.

Cites if possible.

[Earl]

Fthb

Kicking up. Does anybody have opinion.

[appelman]

The rules don't actually talk about when you start living in it.

But it has to be considered your main home. I would think you would have a little wiggle room here, but I'd also like to hear other opinions.

[Earl]

Fthb

Found what I needed at this site. See Item S8.

http://www.irs.gov/newsroom/article/0,,id=206294,00.html

[luke]

So

the answer is YES they would qualify for fthb credit!