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Guest
for the First Time Homebuyers Tax Credit on Turbo Tax (web version), I answered all questions truthfully and was asked “Had my spouse or myself had a prior ownership in a main home in the last 3 years”. I answered No, due to the definition of a “main home” by the IRS on Form 5405. Main home. Your main home is the one you live in most of the time. It can be a house, houseboat, housetrailer, cooperative apartment, condominium, or other type of residence. I purchased my current home in June 2008 with my current spouse. Upon purchasing my current home we were unmarried, however were married in August 2008, and filed jointly for 2008 tax year. I sold the condominium (purchased in February 2004) on August 28, 2007, HOWEVER, going back 3 years from my closing date on my current home (June 26, 2005) I lived in 4 separate addresses (excluding the Condo). The reason for this, is when I initially purchased my Condo in 2004 I was married. I became separated from my ex wife in June 2005, and wasn't emotionally comfortable living at my Condominium. My ex-wife and I both moved out of the Condo in July 2005 and I continued paying the mortgage on my Condo during the time it was unoccupied. I moved back into the Condo in September 2006, (due to financial troubles) in which I only lived there for a limited amount of time., prior to me attempting to sell my condominium. From the 3 year rule (within the First Time Home Buyers Credit) from 6-2005 until 8-2007 (date of sell of the condominium) I lived in the Condo only 7 out of 26 total months, which is roughly only 27% of the time. I did get tax deductions for interest and property taxes from 2004 - 2007, while owning the Condo, but technically for the majority it was not my primary residence or main home my no means during the past 3 years. Any input