First-Time Homebuyer Credit

Wondering if you qualify for the First-Time Homebuyer Credit?

Here is a link to the IRS First-Time Homebuyer Credit Form 5405.

From the IRS Form 5405 ...

Who Can Claim the Credit:

In general, you can claim the credit if you are a first-time
homebuyer.

You are considered a first-time homebuyer if:

You purchased your main home located in the United
States after April 8, 2008, and before December 1, 2009.

You (and your spouse if married) did not own any other
main home during the 3-year period ending on the date of
purchase.

If you constructed your main home, you are treated as
having purchased it on the date you first occupied it.

Main home: Your main home is the one you live in most
of the time. It can be a house, houseboat, housetrailer,
cooperative apartment, condominium, or other type of
residence.

Jim Starwalt

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Jim Starwalt, Broker Associate RE/MAX Center, Phone: 847-548-2625 Jim@StarHomeFinders.com