dgordon623
Junior Member
What is the name of your state (only U.S. law)? Minnesota
My parents own a co-op in Minnesota and have a large tax bill due. I would like to loan them the money via a reverse mortgage, and just collect from their estate later on.
1) are there any do-it-yourself forms for reverse mortgages?
2) is there a tax event for my parents when they receive the money from me?What is the name of your state (only U.S. law)?
My parents own a co-op in Minnesota and have a large tax bill due. I would like to loan them the money via a reverse mortgage, and just collect from their estate later on.
1) are there any do-it-yourself forms for reverse mortgages?
2) is there a tax event for my parents when they receive the money from me?What is the name of your state (only U.S. law)?