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Deductions & credits
She or her trust sold the home not you or your siblings. If the sale was taxable then her or her trust would report the sale not you.
If you have not yet consulted an elder law attorney for medicaid/medicare tax planning you really should ... there is a 5 year look back period on all gifts so this may not have been the best way to handle selling the home.
If you have not yet consulted an elder law attorney for medicaid/medicare tax planning you really should ... there is a 5 year look back period on all gifts so this may not have been the best way to handle selling the home.
‎June 5, 2019
3:47 PM