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Dear MarketWatch,
My mother moved to an apartment from her house in 2014 and started using the house as rental property. She bought it with my father in the 60s, and she bought part of it from him after they divorced in the 70s. I don’t know if I have documentation of any costs, but I think they originally bought the house for around $30,000. It is worth around $230,000 today.
In 2020, my mother moved into assisted living, so her spending has increased. She only makes about $35,000 annually now. Looking at my mother’s finances,…
