The Federal Tax Credits Blog

Question: $8000 first-time home buyer credit, purchasing home from uncle?

I know you do not qualify for the tax credit purchasing home from parent, grandparent, sibling…but I cannot find anything regarding aunts or uncles anywhere.

According to IRS, “Members of a family, including only brothers, sisters, half-brothers, half-sisters, spouse, ancestors (parents, grandparents, etc.), and lineal descendants (children, grandchildren, etc.).”

Would I qualify???

Answer: Your uncle is only “family” if described as such by the IRS. Read the full terms on the IRS web-page. If family is really only described as above, then I think you are in the right… but I am not a tax expert.

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