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The principal residence in which I live is on a ranch that is owned by a family corporation. Do I qualify for the credit for property taxes?

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The principal residence in which I live is on a ranch that is owned by a family corporation. Do I qualify for the credit for property taxes?

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You must have been the direct owner of the residence in order to be eligible for the credit. If your residence was owned by a partnership, corporation or other legal entity, the credit cannot be claimed even if you own interest in the entity. Also, only one claim can be made with respect to any property.

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