Can we get the credit if we own another home, but is not primary residence?
Received a home from deceased father. Is not and has never been primary residence. Currently live in home provided by employer. If I purchase a home, do I qualify for stimulus money?
Answers (1)
FIRST ANSWER
According to the NAR(National Association of Realtors) FAQ sheet about the credit,a first time homebuyer is defined as someone who has had no ownership interest in a home for 3 years.
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