IRS Info. Ltr. 2010-0018 (Dec. 29, 2009)

(individual that inherited partial interest in residence is not eligible for first-time homebuyer credit, even if the individual purchases the remaining interests from the taxpayer's siblings; no rationale provided as to how siblings are related parties under the statute). 

CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.

RSS​ Facebook Twitter