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Deductions & credits
Yes. Your mon would have to take the credit. You and your mom would have to work out whether she gives the credit to you when it is received. However, that is a good option. These credits can only be deducted on the tax return by the homeowner. Mainly, because you must reduce the basis of your home by the amount of any credit allowed.
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March 7, 2022
5:24 AM