My grandfather sold his house this year and became a renter. He gave me the money from the house to put in the markets and I returned him about 8% in 6 months. I recently pulled all the money to cash with the stock market the way it is. My question now is, with tax time approaching, what is his best course of action to avoid paying a lot of tax. We live in California, he is 90, the amount is a little over $250,000. Any opinions are certainly appreciated...
Submitted November 21, 2018 at 01:09AM by grendel54 https://ift.tt/2qX7XK8
