Level 12
05-09-2023
04:20 PM
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Thank you Bob for your insight. The mother continued to make the payments and keep up the house.. The children really had nothing to do with the house. I think they got bad advice 20 years ago. The $ 250,000 rule was in place already by then so whoever suggested that as an idea should have known about it. There was no 1099-nominee issued. I will check if the children received the funds.