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| Like others have mentioned, the funds from rent should fund her nursing home bill. If it’s not, then the kids are likely stealing HER money one way or another (not paying cash rent, not paying near enough cash rent, or paying rent and dispersing it to themselves and non farming siblings instantly). WHAT exactly is going on here?
Who pays her property tax?
Quick math:
Rent income: $100,000
Property taxes: $20,000
Nursing home bill: $70,000
Taxable income: $10,000
Edited by techyman 1/30/2019 18:29
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Teach me about Capital Gains Tax and selling land to pay for nursing home
