Long time home buyer's credit

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  • JenMO
    Senior Member
    • Apr 2007
    • 974
    #1

    Long time home buyer's credit

    TP and wife got a divorce, sold house they had lived in for over 10 years. TP moved and purchased new home in different city within the time frame. Can he take the long time homebuyer's credit on this new home? He can provide all the documentation, but it will have both names on it. Does it matter? Ex wife did not purchase a new home.
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    • Dusty2004
      Senior Member
      • Dec 2009
      • 374
      #2
      Maybe

      Originally posted by JenMO
      TP and wife got a divorce, sold house they had lived in for over 10 years. TP moved and purchased new home in different city within the time frame. Can he take the long time homebuyer's credit on this new home? He can provide all the documentation, but it will have both names on it. Does it matter? Ex wife did not purchase a new home.
      If he meets all the other requirements yes - he would qualify. Owning a house with an ex spouse does not disqualify you from the Long Term Home Buyers Credit.

      Dusty

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        • JenMO
          Senior Member
          • Apr 2007
          • 974
          #3
          thanks, that's what I thought, but couldn't find any thing in TTB about it.

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