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Subject:  Re: Buying Second House for Parents Date:  10/22/2013  2:04 PM
Author:  Wradical Number:  119387 of 127516

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.


If you're subject to AMT, the property taxes won't do you any good, either.

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