Asked by UB Home Team, Norman, OK • Mon Nov 9, 2009
I have called NAR, OAR, IRS, my Broker and my Board and no one has a clear-cut and verifiable answer, as posed by a current homeowner exploring the $6500 tax credit option. If he/she/they has/have owned MORE THAN ONE primary residence, (two homes in this case, due to job transfer), in the last five of eight years, does this family and/or person qualify for the tax credit?
I have found NO VERBAGE stating it CAN NOT be more than one home. NAR's actual vergabe says, "Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight."
"Vacated" seems to tell me that one than one home owned could/would qualify. Otherwise, why "vacate"?
Any help in this matter is appreciated!
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