The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/tax-advantaged-housing-for-mom-10467396.aspx

Subject:  Tax-Advantaged Housing for Mom Date:  12/16/1998  3:08 PM
Author:  CalPalmer Number:  7264 of 121219

I need to move my mom closer to me and am considering moving her into a modular home in a 'seniors' park. She will sell her current home, and the default scenario is for her to buy the modular outright and lease the park site (lease is only option on the site).

I'm interested in tax-advantaged alternatives to this scenario. Mom is on low fixed income so pays very little in income tax. I have a somewhat larger tax burden, paying 33% at the margin. I have wondered about investing the proceeds of her sale for her, and buying the modular then renting back to her.

Any thoughts would be appreciated, and please email them to me at calpalmer@mindspring.com

Thanks in advance,

Cal
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us