Is a buyer eligible for the first-time homebuyer’s tax credit when purchasing property indirectly from their parents?

Facts: A minor received settlement proceeds after suffering a trauma. A guardian was appointed to oversee the proceeds. Later, the minor’s parents became delinquent on their mortgage. The guardian purchased the home for the outstanding balance of the mortgage from the settlement proceeds in the guardian’s own name. The guardian then transferred title to the minor. The guardian claimed, on the minor’s behalf, a first-time homebuyer’s credit on the minor’s federal income tax return.

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