Zillow Advice: Home Buying - Am I eligible for the $8K tax credit if I buy my first home from my grandmother's estate? http://www.zillow.com/advice-thread/Am-I-eligible-for-the-8K-tax-credit-if-I-buy-my-first-home-from-my-grandmother%27s-estate/252137/ Zillow Advice | Zillow Real Estate You do not qualify for the ... http://www.zillow.com/advice-thread/Am-I-eligible-for-the-8K-tax-credit-if-I-buy-my-first-home-from-my-grandmother%27s-estate/252137/ You do not qualify for the program if "you buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild". <br/><br/>I am assuming you are buying the home from her heirs which would be your parents and their siblings. It's <em>possible</em> that your parents could sell their share to a sibling and then you could buy the home from the sibling. <strong>But don't attempt this without consulting a tax professional (who will need to contact the IRS)</strong> because their could be unintended tax consequences for the heirs as well as not being allowed by the IRS.<br/><br/><a rel="nofollow" href="http://www.irs.gov/newsroom/article/0,,id=206291,00.html">http://www.irs.gov/newsroom/article/0,,id=206291,00.html</a> Thu, 02 Jul 2009 15:29:00 GMT http://www.zillow.com/advice-thread/Am-I-eligible-for-the-8K-tax-credit-if-I-buy-my-first-home-from-my-grandmother%27s-estate/252137/ 2009-07-02T15:29:00Z