A woman is contemplating whether to sell her rental condo, which her younger son currently occupies. He is interested in moving out to live with friends, prompting the discussion about the property's future. The sale could result in a significant capital gains tax of $100,000, raising questions about financial implications during her terminal illness.
As the woman's son considers moving out, she should evaluate the timing of the sale to minimize tax implications and explore options for managing the property if she decides to keep it. Watch for potential changes in rental market trends that could affect her decision.