In Chief Counsel Advice 201104040, the IRS has advised that a "taxpayer who completes construction and occupies a new home on land with a previous home that the taxpayer owned and used for the required time can qualify for the $6,500 credit as a long-time resident."
Posted by Joseph Siegmann, Associate Editor, Wealth Strategies Journal.
Posted by Joseph Siegmann, Associate Editor, Wealth Strategies Journal.
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