Wednesday, March 17, 2010

Would you still qualify for tax credit say if my daughter bought her grandmothers house?

no. If your daughter bought her grannie's house, she would not be dependent on you for financial support and you'd lose her as a dependent (which is what i assume you meant when you said "tax credit"). You could still claim her, of course, but you would likely be found out and then you'd be in big (make that BIG) trouble with the IRS.

Would you still qualify for tax credit say if my daughter bought her grandmothers house?
Which tax credit?


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