### Question
How does Income Taxes define first-time homebuyer?


### Answer
Under *26 U.S.C. § 1400C*, **first-time homebuyer** is defined as:

> any individual if such individual (and if married, such individual's spouse) had no present ownership interest in a principal residence in the District of Columbia during the 1-year period ending on the date of the purchase of the principal residence to which this section applies

#### Citation:
  - *26 U.S.C. § 1400C*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter W-District of Columbia Enterprise Zone**

