Solved: Must a first time homebuyer credit taken in 2008 be totally repaid even thiugh the house was condemned and destroyed in 2011?

joe7230 · ‎12-06-2019

IRonMaN · ‎12-06-2019

If it was sold at a loss there is no requirement to pay the credit back. Sounds like if it was condemned, they probably didn't sell it for a gain.

Slava Ukraini!

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IRonMaN · ‎12-06-2019

If it was sold at a loss there is no requirement to pay the credit back. Sounds like if it was condemned, they probably didn't sell it for a gain.

Slava Ukraini!

mojocpa · ‎12-06-2019

You might want to look into amending the open year returns for the annual repayment.

Must a first time homebuyer credit taken in 2008 be totally repaid even thiugh the house was condemned and destroyed in 2011?