@xmasbaby0 wrote:
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.
And if so, this is not a tax, and is not administered by the IRS. It is an eligibility rule for Medicaid and is run by Medicaid.
