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No, it doesn’t. You can have a million dollar home and it doesn’t count. Passive interest income needs to be declare, or dividends, but just owning a depreciat
by trollbridge 7mo ago
No, it doesn’t. You can have a million dollar home and it doesn’t count.
Passive interest income needs to be declare, or dividends, but just owning a depreciating asset doesn’t count. The one exception is qualifying for Medicaid nursing care in old age - that does require liquidating assets except for 1 car and a primary residence.