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Eldercare
Reply to "reimbursements from parents?"
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[quote=Anonymous]Too bad his funds were not used instead. You don’t want to mess with any future Medicaid needs and they will look back on transactions. Not an expert and you need to ask a lawyer, but this was a family loan and repayment (not a gift either direction) and it could be a good idea to document it as such with the minimum market interest stipulated by IRS. Everyone signs. Either that or see if place will reimburse you and take his funds directly. That could work. [/quote]
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