The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Taxes and roommates Date:  6/18/2013  10:28 AM
Author:  2gifts Number:  118718 of 123001

Oh, no, you're not being scolded. Scolded is more like,
"Use your d@mn head for something besides a wig stand, will you!" Notice the subtle distinction?

Thanks for the chuckle!

Well, your multiple goals are in conflict, beyond it being a matter of priorities. And you need to get REALLY CLEAR about which it's going to be, for DS's sake. Is he going to end up being a homeowner, or just the interim resident caretaker of your future retirement home? That little question needs to be nailed down solidly, before you get into a convoluted ownership/rental arrangement.

First priority is to get DS affordable, decent housing. If he ends up being there temporarily, it would be OK for us to end up with the house as a retirement home, but that's a side-bar. I can think of lots of other scenarios such as he doesn't end up liking living there, so we rent it out, sell it, or opt to move in ourselves as a retirement home. But first priority is his housing. Anything else that