Let’s see... Is Henrietta and/or her son going to declare the $8,000 “gift” of free residential living (whatever the value is) on their “income taxes”?
Will the woman and her State Representative Husband declare this as “charitable giving” on their income taxes, getting a break from Uncle Sam?
Will Timothy Geithner claim these two as “dependents” in his late filing of taxes next year?
Just wondering.
Dear Big O.
I need a $125,000 for an around the world cruise, as I have never had one.
PS don’t forget the tip money
http://sweetness-light.com/archive/more-background-on-henrietta-hughes
the comments section has some info too
evidently, she (and her son) bought 3 lots (2 adjacent and one that was 2 lots away) - the lots seem to cost about $47,000 each
she got a loan to build a house for about $150,000 on one of the lots and about that time sold one of the lots
$800 was paid on the house loan over a period of time - the house was foreclosed (abandoned)
on the remaining lot, a quit claim deed was filed to transfer ownership to her son (get her name off the deed)