Welcome Guest. Register Now!  


Homeowner Tax Home owner tax issues and rebates.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-06-2010, 05:26 PM
Junior Member
 
Join Date: Apr 2010
Posts: 1
Purchase home from Grandmother's Estate

I am in the process of purchasing a home from my deceased Grandmother's Estate in which my father, uncle and two aunts are the beneficiaries. Do I qualify for the homebuyer tax credit? I have yet to find a clear answer on this one... I have heard: "Yes, you will qualify because you are not a beneficiary of her estate" and "No, you will not qualify because you are still purchasing the home from a family member". Which is it? Any clarification would be greatly appreciated.

Thanks,
kellyo



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Recording purchase of stock jwkeefe S-Corporation 0 12-31-2009 09:19 AM
First time home buyer + 1970 trailer home Wendy Walsh Miscellaneous 2 08-15-2009 12:50 AM
Can a 2009 home purchase be treated as a 2008 purchase to claim Home Owners Credit? TaxGuru Homeowner Tax 0 08-15-2009 12:31 AM
What is the "Tax Credit for New Home Purchase" in California? TaxGuru California 0 06-09-2009 04:19 PM
how far must my old home be to the new home in order to deduct moving exp's? Allard Miscellaneous 1 06-14-2007 12:24 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning