Person buys a home, gets the tax credit and then moves out of state in 6 months and rents out the house, is this legal?
They received money going towards the house.
I don't think so I could be wrong, I think it has to be your permanent residence. In Florida you can homestead your house if it's primary residence and get a tax break, but if you move and rent it out you loose that tax break.
Yes. Why not? You own the house AND you will continue to write off any expenses as long as you own it. Ah, home ownership.. The tax break that keeps on giving and giving :)
If you are talking about the First Time Home Buyers Credit. you are suppose to live in the house for at least 36 months or be subject to repaying the credit.