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Updated about 15 years ago on . Most recent reply

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J M
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Is my condo still a primary residence if I rent it out for 12 months

J M
Posted

I was wondering if I would be eligible for the $8000 tax credit if I:

1) purchase a condo now

Year #1: Live in the condo for one-year
Year #2: Rent the condo to someone else for one-year, while I finish Ph.D. work in another state (where I will be renting an apt.)
Year #3: Live in the condo for one-year, sell at the end of the year.

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