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FTHBC Related Party


KHWEBERCPA

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Taxpayer and wife jointly purchased a home from wife's parents in June 2009. My conclusion was that it was a related party purchase and did not qualify for FTHBC. However, I read something in Kiplinger the other day that purchases with the same facts prior to November 6 were not considered related party purchases because only the wife was related. Did I miss something? Luckily, the return hasn't been prepared yet.

Ken Weber

Vancouver, WA

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