First-Time Homebuyer's Credit
Answer:
The First-Time Homebuyer's Credit no longer exists. The First-Time Homebuyer's Credit for homes acquired after 4/8/08 and before 1/1/09 have to be recaptured over a 15 year period.
The 15 year period began in 2010.
Any taxpayer who used the First-Time Homebuyer's Credit in 2010 or 2011 and sold the house in 2012 must recapture the entire credit in 2012.
The 15 year period began in 2010.
Any taxpayer who used the First-Time Homebuyer's Credit in 2010 or 2011 and sold the house in 2012 must recapture the entire credit in 2012.
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