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Thread: FTHBC Home purchased from a relative's estate
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Created on: 10/26/09 12:53 PM
Replies: 4
Viewed: 428

Posted by: greenego
3 posts since - 10/26/2009 		FTHBC Home purchased from a relative's estate - 10/26/09 at 12:53 PM

Client called and said she was buying a home from her grandfather's estate. Can she qualify for the Home Buyers credit buying it from an estate of a relative?

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Posted by: TAXBILLY
146 posts since - 06/28/2007 		RE: FTHBC Home purchased from a relative's estate - 10/26/09 at 1:27 PM

Is she a beneficiary or an executor of the estate?

taxbilly

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Posted by: greenego
3 posts since - 10/26/2009 		RE: FTHBC Home purchased from a relative's estate - 10/26/09 at 1:32 PM

No she is not a beneficiary of the executor.

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Posted by: blrgcpa
1247 posts since - 11/17/2006 		RE: FTHBC Home purchased from a relative's estate - 10/26/09 at 2:59 PM

Is the sllaes price at FMV or a discounted sales price?

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Posted by: greenego
3 posts since - 10/26/2009 		RE: FTHBC Home purchased from a relative's estate - 10/26/09 at 4:54 PM

FMV

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