All Forum Posts by: J M

But wouldn't my 'primary residence' still be my condo during my absence?

That is, since in only own 1 property, why would my 'primary residence' change?

I think it is a matter of what the definition of 'primary residence' is.

note: This condo will be the only piece of real estate that I will own during this 3-year period.

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.