First time home owner deductions on inherited property.

Asked by William Hadley, 48362 Mon Aug 6, 2012

I have been living in a house that was in my mothers name for the last 9 years, upon her passing I inherited the property and it's outstanding mortgage. The mortgage company has said that there should be no problems changing ownership provided I remain living in home. Will I be entitled to first time home owner deductions?

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