Posted 2/26/2021 06:20 (#8858914 - in reply to #8858653) Subject: RE: Another Reverse Mortgage Question
Northern Illinois
Under current tax law your parents can quit claim you the land and between you and your wife if married can gift your parents $60,000 tax free each year if both your parents are alive. There is a downside to this ti be aware of but it is something that I suspect is done often between parents and children.
Another Reverse Mortgage Question
