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URL:  http://boards.fool.com/thinking-about-buying-a-house-for-the-parents-so-30936017.aspx

Subject:  Re: Buying Second House for Parents Date:  10/22/2013  2:04 PM
Author:  Wradical Number:  119387 of 121061

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.

JLC

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

Bill
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