Does anyone have the reference for the specific requirements for an expenses to qualify as a "rebuild" expense? I understand the closing costs and to build a home, but can't find info on the definition rebuild expenses. Thank you
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Does anyone have the reference for the specific requirements for an expenses to qualify as a "rebuild" expense? I understand the closing costs and to build a home, but can't find info on the definition rebuild expenses. Thank you
You'll find the definitions for "repairs" and "improvements" here:
When added to all your prior qualified first-time homebuyer distributions, if any, total qualifying distributions cannot be more than $10,000.
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