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First time buyers tax credit

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If I'm buying a home with my sister, both names on mortgage and it's her first home but not mine, can she still receive the 8,000 tax credit?

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November 09 - US

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Michael Emery, "MikeEmery"
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Michael Emery, "MikeEmery"

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Yes, as long as she meets the qualifications for the program she would be eligible for the tax credit. The home would have to be HER primary residence for the next three years and not be used as a second home or vacation home. Since you are not eligible for the tax credit there are no such restrictions on whether or not you occupy the home (except for mortgage purposes, but that's a whole 'nother story.)

http://www.irs.gov/newsroom/article/0,,id=206291,00.html

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November 09

Earl Boyer, "Earl Boyer"
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Earl Boyer, "Earl Boyer"

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Your best bet, check with her accountant.

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November 09

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