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Re first house tax credit. Closing on new home Nov 2009. Couple living in their own condo for years but have been non citizens. Recieved their (husband & wife) green cards March 2009. Would they be eligioble for first time home buyer credit for new home being purchased in Nov 2009?

Submitted: 54 days and 16 hours ago.

Category: Tax

Value: $15

Status: CLOSED

Country/State/Province of question: Florida, USA

Already Tried:
IRS web site

Posted by Merlo 54 days and 16 hours ago.

Info Request

Where was this condo located that you lived in? In the US or in another country?

How long have you been residents of the US?

54 days and 16 hours ago.

Reply

Condo located in Celebration, Florida, USA. Length of time several years (over 5)

Accepted Answer

Hello again XXXXXXX,

If you have been residents of this country for 5 years, then even though you may just now be receiving your green cards, you have been considered to be resident aliens. You are a resident alien as long as you have been present in this country for at least 31 days in the current year and a total of 183 days in the previous 3 years. As a resident alien, you are subject to the same tax rules as a US citizen.

That being the case, if you have already owned a condo that you used as your primary residence during the last 3 years, you would not now qualify for the first time home buyers credit.

If this was helpful please press the Accept button.

Thank you XXXXXXX.

Accepts:
Expert:	Merlo
Pos. Feedback:	99.8 %
Answered:	9/29/2009

Accountant

25+ years tax consulting. Specializing in returns for US citizens living abroad

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Re first house tax credit. Closing on new home Nov 2009. Couple living in their own condo for years but have been non citizens. Recieved their (husband & wife) green cards March 2009. Would they be eligioble for first time home buyer credit for new home being purchased in Nov 2009?

Optional Information

Country/State/Province of question: Florida, USA

Already Tried:
IRS web site

Info Request

Where was this condo located that you lived in? In the US or in another country?

How long have you been residents of the US?

Reply

Condo located in Celebration, Florida, USA. Length of time several years (over 5)

Accepted Answer

Tax

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Question

Re first house tax credit. Closing on new home Nov 2009. Couple living in their own condo for years but have been non citizens. Recieved their (husband & wife) green cards March 2009. Would they be eligioble for first time home buyer credit for new home being purchased in Nov 2009?

Optional Information

Country/State/Province of question: Florida, USA Already Tried: IRS web site

Info Request

Where was this condo located that you lived in? In the US or in another country?How long have you been residents of the US?

Reply

Condo located in Celebration, Florida, USA. Length of time several years (over 5)

Accepted Answer

Related Tax Questions

Country/State/Province of question: Florida, USA

Already Tried:
IRS web site

Where was this condo located that you lived in? In the US or in another country?

How long have you been residents of the US?