Which of the following statements regarding the first time home buyer credit is correct?

Which of the following statements regarding the first time home buyer credit is correct?


A. Taxpayers who acquired a home in 2009 and claimed the credit are required to pay the credit back if they live in the home for less than 15 years.

B. Taxpayers who acquired a home in 2010 and claimed the credit are required to pay the credit back if they live in the home for less than 5 years.

C. Taxpayers who acquire a home in 2015 are not eligible for the credit.

D. None of these


Answer: C


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