First time home buyers credit....again

[Denne]

I have a client that loaned his son the money to purchase a home. The son lives in another state while going to school and will reside in that sstate. Rather than the son paying rent, the father felt it more reasonable for the son to own the home. The son did not have any income however and the father just asked if he had to claim himself to get the credit. The father was intending to claim his son and the tuition of course this year. Strange situation, huh? Does the son have to claim himself>>>>> I can't find anything in the research I have done so far to say he has to.....

Thanks~~

[TAXBILLY]

Q. Can a dependent on someone else’s tax return claim the first time homebuyer credit if they otherwise qualify?

A. Different rules apply depending upon whether a dependent buys a home after Nov. 6, 2009, or on or before that date. Dependents are not eligible to claim the credit on any purchase after Nov. 6, 2009. However, a dependent who buys a home on or before Nov. 6, 2009 may qualify for the credit. (11/19/09)

taxbilly

[jainen]

>>Does the son have to claim himself<<

As I read the scenario, the son CAN'T claim himself anyway.

[Denne]

Thank you ;~)