Hello, just wondering if anyone has any input on the $7500 First-Time Homebuyer Credit that you can claim on your US taxes.
One of the conditions for being able to apply for this credit is that you have not owned a house in the past 3 years before purchasing your current home between April 8, 2008, and before July 1, 2009. My wife (a US citizen) and I (working on an L1, and my green card is in the works) had a house built for us in the USA and took possesion this past June, selling our Canadian residence in 2007. Prior to that we owned a house in Canada and lived there, while I commuted across the border for work.
What I am wondering is, does the Canadian house count as a 'house in the past 3 years', or are we still eligible for the credit? I spoke with a friend that works for H&R Block, and they think I can still apply since I have never claimed any mortgage interest deductions and property tax credits on my US taxes while we lived in Canada.



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