Deductions & credits


@NCperson wrote:

@Opus 17 but if Mom is in a nursing home, that would be 'temporary absense' so would still be considered 'living in the home'., right? 

 

(and it is possible that 'non-resident home' was from the perspective of the daughter who is not living in the home - it is vague).


To part 1, yes, see the nursing home rule quoted above.

 

To part 2, legal advice is surely called for.  Both the original poster, and her sibling, need to be viewing this as the mother selling the home.  Due to the mother's disability, the daughter with the POA is "helping with the paperwork" (to oversimplify), but legally speaking, the transaction needs to be viewed from the point of view of the mother selling the home that she owns, and the mother pays the taxes (if any).

 

There may be better ways to do this, that would avoid taxes and protect the assets for the children and grandchildren, so an elder law specialist is recommended.