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Buy parents’ home and rent it back: cash flow for them, tax breaks for you

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in Leaders & Managers,Management Training,Small Business Tax,Small Business Tax Deduction Strategies

Do your aging parents live in a home that's soared in value? Chances are, they've paid off the house, so they're not claiming mortgage interest deductions anymore. Even if they still deduct mortgage interest, they're probably in a low tax bracket now, so those deductions don't do much good anyway.

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{ 1 comment… read it below or add one }

Dave March 13, 2013 at 10:41 pm

Government-assisted nursing home care is Medicaid not Medicare.

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