What qualifies as a First time homebuyer if they owned a home yrs ago?

[AZ-Tax]

So does someone who lost their residence to abandonment 3 yrs ago qualfy them for first time homebuyer?

http://www.irs.gov/publications/p590/ch01.html#en_US_2011_publink1000230896

[Lion]

TTB 13-3 $10,000 lifetime limit, has not owned a principal residence for at least two years. So, check the dates carefully, and check to see if they used this exception ever before.

[AZ-Tax]

Lion, thanks a bunch

Lion, thanks a bunch

[ChEAr$]

What? There is still such a credit?

[dtlee]

I believe they are referring to the elimination of the 10% penalty for money withdrawn from an IRA for the purchase of a home for a first time homebuyer.

[ChEAr$]

I believe they are referring to the elimination of the 10% penalty for money withdrawn from an IRA for the purchase of a home for a first time homebuyer.

AH yes, I now see the link to pub 590 provided in OP.