
356: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions356:
Main Street Business
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When to Buy Your Parents Home Back and Ren It Back to Me?
Mark colar: When to buy your parents home and ren it back to them? Colar: I'm going to let mam and dad sell their home to me, take their sale of home exemption, cash it in stepped up basis, no tax i now own the home. But now they're a renter. The equity is out of their estate. With the right right time period, and they wait with medicate applications, they could probably get medicade. And the home is no longer an aset of theirs. He says if mom and dad wake up totally healthy in five years, three years, and they want to buy it back for me, feel free. Now they
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