Zillow Advice: Buying Process - First time homebuyer in May 2009, inherited Fathers house but sold this year. http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ Zillow Advice | Zillow Real Estate i would still call the IRS, ... http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ i would still call the IRS, anyway. As i have said, nothing i've heard should bar you from claiming the credit...<br/><br/>the IRS though pays people to answer these types of questions for free and its about 3 months before the lines start getting too jammed to be worth it. Sat, 31 Oct 2009 09:04:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ 2009-10-31T09:04:00Z If the inherited&nbsp;home ... http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ If the inherited&nbsp;home was not your primary residence, then you can claim the tax credit on your purchase.&nbsp; Of course, you have to meet all the other requirements as well.&nbsp; I've reread&nbsp;the&nbsp;guidelines&nbsp;and they clearly use the language of "owned a primary residence".&nbsp; Glad I could help.&nbsp; <br/><br/>Which home was purchased in May?&nbsp; If it was the home you and your wife purchased to live in, you are definitely fine.&nbsp; Sat, 31 Oct 2009 06:07:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ 2009-10-31T06:07:00Z Chris you are correct. I ... http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ Chris you are correct. I plan on trying to claim the tax credit on 2009 taxes for the home i just purchased, not the inherited home. The home did go through probate and was closed before the home sold. Also, 2 other brothers with name on the title.<br/>Does it matter that the title was executed with my name on it&nbsp;in August 09 and I purchased the house in May 09? Fri, 30 Oct 2009 14:25:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ 2009-10-30T14:25:00Z question for the IRS, my ... http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ question for the IRS, my first inclination is that it shouldn't matter, especially if the home passed through probate properly because technically you would have been placed on the title as executor and the TID provided would have belonged to the estate, however i would still call the IRS.<br/><br/>was probate closed before the house was sold? was there probate?<br/><br/>get a badge number, name, date, time and ask the question. if you do that, you should be protected either way.<br/> Fri, 30 Oct 2009 03:32:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ 2009-10-30T03:32:00Z Shannon and Michael, I dont ... http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ <p>Shannon and Michael, I dont think Andrew is trying to claim the credit on the house he inherited and sold, but on the home he purchased.<br/><br/>Shannon you are correct, you cannot claim the tax credit if you acquired the home from a relative.<br/><br/>Michael, if the home was a customer's primary residence in the last 3 years but the custumer didnt own the home, they would still be eligible for the tax credit as long as the home was purchased in allotted time frame.&nbsp; I havent seen the language you descibed.&nbsp; Where can one find it?</p> Fri, 30 Oct 2009 02:45:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ 2009-10-30T02:45:00Z I believe I read something ... http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ I believe I read something on IRS.Gov that said you are ineligible if you acquire the property from a relative, including a parent. Fri, 30 Oct 2009 01:02:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ 2009-10-30T01:02:00Z Was this home your primary ... http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ Was this home your primary residence at any time in the last three years? Or was this a rental property or a property that you did not live in at any time in the last three years.<br/><br/>If it was your primary residence at any time in the last three years, you would be ineligible for the tax credit.<br/> Thu, 29 Oct 2009 23:39:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ 2009-10-29T23:39:00Z Because you have owned a ... http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ <p>Because you have owned a home (whether you purchased the home or not) in the last 3 years it will more than likely mean you are ineligible.&nbsp; I would definitely talk to an accountant or tax attorney as they would be able to provide further insight into this matter.&nbsp; I hope this helps!</p> Thu, 29 Oct 2009 05:56:00 GMT http://www.zillow.com/advice-thread/First-time-homebuyer-in-May-2009-inherited-Fathers-house-but-sold-this-year/289676/ 2009-10-29T05:56:00Z