First Time Home Buyer

[Kurly]

TP received FTHB of $7500 on 19 June 2009. Home became Rental Unit 1 July 2012. Did the home stop being TPs main home after the 36 month period?

Does June 2009 count as a full month? or does time start the 1st of the following month?

Thanks

Kurly

[TaxGuyBill]

It is 36 months "beginning on the date of the purchase". So the 36 months would end on June 18th, 2012.

It sound like no recapture of the credit is necessary.

http://www.law.cornell.edu/uscode/text/26/36#f_4_D