5405 Credit
If a taxpayer currently owns a home (SFR) and purchases another home to be used as primary residence and will rent the home he currently lives in. Does he qualify for the $8,000.00 credit?????
If a taxpayer currently owns a home (SFR) and purchases another home to be used as primary residence and will rent the home he currently lives in. Does he qualify for the $8,000.00 credit?????

No if he had a primary residence is the last three years he would NOT qualify

RTFM