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Personal Investments • Elderly Parent's Transition: From Property Wealth to Liquid Assets

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Thanks for your questions.
* Yes, the reduced income will be from not renting the condo.
* Capital gains on the sale of the house will be low (under $40K) due to step up in basis rules for Washington state when spouse passed.

Statistics: Posted by CommitmentDevice — Wed Jan 17, 2024 10:22 pm — Replies 3 — Views 530



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