First Time Homebuyer Credit question...
My husband and I bought a home in 2008 and received the First Time Homebuyer tax credit that has to be repaid. Last year my husband got a new job and we had to relocate. We rented out our house since we couldn't sell it and we are currently renting an apartment.
Our question is, since our house is being rented out now, do we have to repay the credit in full this year? Does it matter that we haven't purchased another house?
Any info would be greatly appreciated. Thanks!