MichaelG Posted January 14, 2012 Report Posted January 14, 2012 Client recently divorced Nov 2011, He and his spouse purchased a home in 2009, and claimed the first time home buyers credit. Now since they are divorced and the house was awarded to him by the court. Is he responsible to repay the full amount $8000.00? He is not selling the house. Quote
jainen Posted January 14, 2012 Report Posted January 14, 2012 >>Is he responsible to repay the full amount $8000.00?<< Only if he stops using the house as a primary residence during the first 36 months. See Scenario S14 on the IRS website at http://www.irs.gov/newsroom/article/0,,id=206294,00.html Quote
MichaelG Posted January 14, 2012 Author Report Posted January 14, 2012 Thank you so much. The instructions for the form were very vague. Quote
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