Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - How does the IRS verify eligibiliy for home buyer tax credit? - My home was included in a Chapter 7 Bankruptcy. Discharge was back in 2005. However, my appraisal district's website shows that that the deed was not taken out of my name until September 2007. I closed on a new construction home before July 1st. the sales contract was done prior to May 1st. So I would think that I would qualify for the tax credit. However, I am not sure if the IRS would exclude me for the tax credit because of the deed history. How does the IRS determine the eligibility dates? What process/system do they use to calculate the 3 year prior purchase period? -
