(Closed) First time home buyers credit (from 2009) question

posted 6 years ago in Home
Post # 3
Member
13099 posts
Honey Beekeeper
  • Wedding: July 2010

It sounds to me like you shouldn’t have to repay anything.

If you are still living in your current home past Sept. 11th, you’ll have fulfilled the 36 month requirement.

If I’m reading your OP correctly, you aren’t converting it to a rental property until after the 36 months are over.

Post # 4
Member
41 posts
Newbee

As long as you live there for 3 years or it is your principle residence for 3 years, you don’t owe back anything.

Post # 5
Member
140 posts
Blushing bee
  • Wedding: April 2012

As long as you are stilling closing on the place after 9/11/12 you shouldn’t have to pay anything.  I had to repay mine as I moved in with my husband before my three years were up and it sucked – so you planned much better 🙂

Post # 6
Member
5670 posts
Bee Keeper
  • Wedding: August 2010

I agree with the other bees, as long as it is your principal residence for 36 months then there should be nothing to worry about. Since you will technically be moving into another place duirng month 37, I can’t see the problem.

The topic ‘First time home buyers credit (from 2009) question’ is closed to new replies.

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