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Money and Finances
Reply to "Elderly relative hiding $$ in the freezer"
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[quote=Anonymous]I agree with PPs that suggest that she start using the cash for daily expenses and not worry about the mortgage. If she really really wants to start paying down the mortgage, then she gives OP $5K or so at a time and OP sends a check to mortgage company and spends the cash. But about the tax angle: if she really piled up this amount over a period of 20 years, that's $5K/year? Is her income even high enough for $5k/year to matter? Even so--bottom line--don't borrow trouble by doing big cash transactions. And OP, I'd use the phrase "asking for trouble" with her as you review her options.[/quote]
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