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Get your taxes done using TurboTax
The other thought that occurs to me-----are you somehow confusing this with the five year lookback rule for money/assets you give away before going on Medicaid? If you are giving away money in the expectation of long term care in a nursing home, etc. and expecting the care to be paid for by Medicaid, there is a five year clawback on money you give away. So again---consult an elder care attorney or get some professional tax advice.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎September 24, 2021
7:24 AM