Deductions & credits

@toofan1   Please stop relying on a nameless faceless public internet forum for answers to what is a complicated situation and could have many different answers depending on the particulars of the questions.  PLEASE seek local professional assistance on what may also be a legal question.   What your relative does may not apply to your situation  so before you do any other risky investments you need to be educated on all the possible outcomes and the income tax implications.