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Subject:  Buying Second House for Parents Date:  10/22/2013  1:38 PM
Author:  JLC Number:  119384 of 124773

Thinking about buying a house for the parents so they can literally live next door to one child. Will help with the down sizing and with elder care.

I know I can claim property taxes on the 1040, but what other expenses can be taken and what other things to think of?

This will be a cash transaction, no mortgage.

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