Hello, to qualify as a first time home buyer you must not have had interest in purchasing a home where you reside more than 50% of the time in the last 3 years from the date you purchase a home this year.

Since this is an estate property you may still qualify if you do not reside at this property or own a previous property. Check with an accountant or simply call your nearest IRS office.

Click below for your link to http://www.irs.gov

SAndi it sounds like this was a probate sale where you were the purchaser of a family members home. If it was a probate sale the home sold at fair market value so I wouldn't that this would be a problem. Please check with a tax adviser to be sure. The IRS is going after people that make false claims on the federal incentive program so be sure before file for it.

Difficult to state best confer with a CPA who can review your entire financial files. GREAT QUESTION sorry hear about your Grandmother.

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911

Sandi,

This may be an issue best referred to your CPA or real estate attorney for the most accurate information. Good luck

The Eckler Team

No. You do not qualify because the home was purchased from a family member.