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$8000 ax credit and real estate trust.?

On October 10, 2009 / By Estate Planning Help / In Estate-Planning-Trust

My mother’s house is in a real estate trust with myself and my sister as beneficiaries. She has just passed away and I am planning on buying out my sister’s half. Will I be eligible for the $8000 tax credit? Also any advice on how to make the process go as smooth as possible? Thanks

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One Response to “$8000 ax credit and real estate trust.?”

  1. Ryan_M said:

    Oct 10, 09 at 11:18 am

    No you are NOT eligible as this is a related party transaction.

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