In about 1984 I purchased a home in Rio Linda, Calif. I have not lived in this house since 1992. I keep the house as investment property. I married my current wife in 1996 and she has not owned a house in at least the last 20 years. We anticipate a $4,000 distribution to pay for half the closing costs on the house. Here is the $64,000 question - ok $400 question - Do we qualify for a "first time homebuyer deduction" ??
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