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Financial Planning / Tax Strategies
|Subject: Tax-Advantaged Housing for Mom||Date: 12/16/1998 3:08 PM|
|Author: CalPalmer||Number: 7264 of 122998|
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 firstname.lastname@example.org
Thanks in advance,
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