Legal Question in Tax Law in California
I have a question regarding the first time homebuyers credit. The credit stated that the property must be your primary residence for 36 months. I was offered a position in my company for a two your project out of state. My question is how will this effect my tax credit and is there a way around not being able to rent my house out while I am gone. How are these things tracked?
Asked on 5/14/10, 11:53 am
1 Answer from Attorneys
Donald Field
Donald L. Field, Jr., Attorney at Law
see: "http://www.irs.gov/pub/irs-pdf/i5405.pdf" page 2 regarding exceptions.
Answered on 5/19/10, 2:06 pm
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