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Posted by nanusi 2 years ago In:

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nanusi
nanusi Asked About 'Ask the Dolans: Dolans.com'

I am selling my home to my son. He is a first time home buyer, does he qualify for the $ 8,000.00 tax credit?

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Eva Norris, enrolled agent
Eva Norris, enrolled agent Answered:

I'm sorry, but no.  Sales between direct relatives are ineligible for the credit.

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