Unrelated person buying a 50 percent interest in my home

Can a friend of mine who has not owned a house in the past three years buy a half interest in my home and claim the 1st Time Buyer's credit for his half?  Thanks for any response on this.
  • April 27 2010 - Minneapolis
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Answers (2)

Profile picture for Wayne Sanman
Definitely call your accountant before you proceed.
  • April 28 2010
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Profile picture for bagnn
Would it be buying or sharing 50%? If you can not buy what is already yours, it could not be a sale-buy...
It seems that it will not be a real sale and tax credit is for owner occupied properties... 
Most commun answer, call IRS or contact an accountant.
  • April 27 2010
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