Question by Vishnu S: A question about first time home owners credit?
I am 18 years old, with a stable job, my parents are travel to give me liquidate to buy a house, will I qualify for the first time home owner credit, if the admitted is payed off and bought by the parents by giving me the cash??? Because, technically I wont be paying for it, but will be paying my parents in payments, because i don’t have any credit established as yet. Thanks in advance.
Best answer:
Answer by Alterfemego
If the property is purchase in your name only, then yes you may qualify for that tax credit.
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