Diary of a Realtor - Researched $8000 tax credit for first time homebuyers. If the buyer lived in a home bought as a primary residence then buys another home in 2009 then the buyer is NOT ELIGIBLE for the tax credit. If the buyer rented the house to tenants for the past 3 years, then buys another house in 2009 then the buyer IS ELIGIBLE for the tax credit.
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