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Thanks... so what/how do you suggest I handle the payments? For example, say I make $24000 year in rent receipts and pay him $22000 in payments, my profit will be $2000. Surely I will claim the $2000...

I have a question that I hope you can help me with or at least point me in the right direction to get the required information.

My father is 86 and currently owns a single family home ( where he...