FIRST TIME HOMEBUYER CREDIT

[dorothy.broome]

For the long time residents of the same main home if they purchase a new main home. To qualify, eligible taxpayers must show that they lived in their old homes for a 5 consecutive year period during the 8 year perid ending on the purchase date of the new home. In addition to the required paper work for the new home, they also need form 1098, a Mortgage Interest statement, or substitue mortgage interest statements, or property tax records, or homeowners insurance records. They will need these or one of these to go with the other paperwork.