Selling house to pay for care
Selling house to pay for care My friend and her sister are selling their Dad’s home. He is now in Assisted Living and the sale will continue to fund his care there. Her Dad owns it outright and it’s listed for almost $1,000,000. She just informed me 30% of the profits will go straight to the IRS due to Capital Gains. Yikes! It’s too late for my friends as it’s already listed…