First Time Homebuyers Credit Question

[Jack from Ohio]

Client is signing a land contract in a few days. He meets all the requirements for FTHB credit. The only hitch may be (hence the post here) is that he is buying the home from his Step-Mother. The client's father is not owner of the house in question.

Does Step-Mother qualify as a close family member?

My gut tells me yes, but I am tapping the huge knowledge resource of everyone here. I have done some looking but can't find any specific information about step being considered close family.

Any cites to clairfy would be greatly appreciated as I want to be on solid ground when I answer the client's question.

[TAXBILLY]

Seems clear to me;

http://www.irs.gov/newsroom/article/0,,id=206291,00.html

taxbilly

[Jack from Ohio]

Seems clear to me;

http://www.irs.gov/newsroom/article/0,,id=206291,00.html

taxbilly

Thanks TAXBILLY! I gotta remember to scroll ALL the way down!! :read:

[grandmabee]

Thanks TAXBILLY! I gotta remember to scroll ALL the way down!!

and for anyone else who does not want go to the website when just reading the blogs the answer is only counts blood relatives. for in this case he would get the first time home buyers credit

[TAXBILLY]

>>and for anyone else who does not want go to the website when just reading the blogs the answer is only counts blood relatives<<

Where does it say blood relatives? A sibling is a blood relative but not a relative for first time homebuyer credit purposes.

taxbilly