KSIDLEY
Level 1
03-20-2023
01:10 PM
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I have a client, whose mother lives with him due to age. She only receives SS, and she sold her home and received a 1099s. She had a reverse mortgage, her basis was $131,500. the reverse mortgage payoff was $241,383 sell was 400k. Her proceeds were $158,813. This is my first reverse mortgage case. My questions is does she even have to file?
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