Discussion:First time homebuyer beneficiary
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Revision as of 17:50, 6 October 2009
Discussion Forum Index --> Advanced Tax Questions --> First time homebuyer beneficiary
Discussion Forum Index --> Tax Questions --> First time homebuyer beneficiary
Ksnoopytax (talk|edits) said: | 6 October 2009 |
| My client calls me up this afternoon with a proposal (not for marriage). His grandmother passed away and has a house in her estate. The sister, who is a 1/3 beneficiary of the estate, wants to buy the house and qualifies as a first time home buyer except the fact that she's a beneficiary of the estate. The brother suggest that his fiance buys the house from the estate and the fiance turns around and sells the house to the sister. Supposing this is all done using the true FV of the house. Will the sister get the first time home buyer credit if she buys the house from her brother's fiance? | |
