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    jmicc88's Avatar
    jmicc88 Posts: 1, Reputation: 1
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    #1

    Jan 20, 2011, 09:59 PM
    First time home buyer tax credit
    I purchased my home from my mom and dad and have a traditional loan like everyone else. Do I qualify for the first time home buyers tax credit?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jan 20, 2011, 11:45 PM

    No, you are not eligible as you have purchased home from a relative. Also currently, no such tax credit is available.
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