---

What qualifies as a linear decentant.

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
JAKE Guest	Posted: Thu Nov 05, 2009 9:27 pm    Post subject: What qualifies as a linear decentant. Like 0 Dislike 0 I am buying a home from my brother-in-law and my sister. I have asked two different tax specialist and one said that i qualify, and the other said that i don't. I just want to know once and for all! Thanks! _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Thu Nov 05, 2009 10:17 pm    Post subject: Like 0 Dislike 0 Hi JAKE, You cannot qualify for the tax credit if you purchase the property from your ancestors, your lineal descendants or your spouse. Your sister is not your lineal descendant. Your children, grandchildren would be your lineal descendants. Thus, I believe you should be able to qualify for the first time buyer tax credit if you buy the house from your sister.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0